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  1. Bond Guy
    Bond Guy is offline Senior Member
    Join Date
    Oct 2007
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    179

    How quick can I get a bond?

    I have a client who had a bankruptcy about 3 years ago. He needs to settle his mother's estate and needs a probate bond for $18K, there is less than $5K in value and the house is getting ready to be foreclosed on. Is it possible to get a bond TODAY and if so, how much would it cost?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
    Posts
    558

    Court Bonds

    Quote Originally Posted by Bond Guy
    I have a client who had a bankruptcy about 3 years ago. He needs to settle his mother's estate and needs a probate bond for $18K, there is less than $5K in value and the house is getting ready to be foreclosed on. Is it possible to get a bond TODAY and if so, how much would it cost?
    We may be able to help you with this bond, but not TODAY. We would need to receive an application from you, submit it to Surety for approval, get you the necessary agreements, receive those original agreements back along with premium prior to a bond being issued. It can be done fairly quickly, but not in a same day turnaround.

    If you are interested in applying, please visit the following link for the application: Court Bond Applications | JW Surety Bonds
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  3. Surety Wizard
    Surety Wizard is offline Senior Member
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    Sep 2008
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    110

    Is the premium based on a percentage of the required amount of the bond or is it a flat fee paid for the bond?
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  4. lifeisgood
    lifeisgood is offline Senior Member
    Join Date
    Sep 2008
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    109

    Premium Calculation

    The premium IS a percentage of the bond amount - but the premium is calculated based upon the applicants credit.
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  5. h2o
    h2o is offline Senior Member
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    Sep 2008
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    117

    How quick can I get a bond?

    Quote Originally Posted by lifeisgood
    The premium IS a percentage of the bond amount - but the premium is calculated based upon the applicants credit.
    Is it solely based on credit or are other factors taken into consideration?
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  6. lifeisgood
    lifeisgood is offline Senior Member
    Join Date
    Sep 2008
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    109

    Credit

    The applicant's credit is a major factor - they will also review business financials (if applicable) and the personal financial statement(s)
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