WebOct 19, 2024 · Introduction. Black’s Dictionary defines bail as “ Procuring the release of a person from legal custody, by undertaking that he/she shall appear at the time and place designated and submit him/herself to the jurisdiction and judgment of the court”. Bail is the conditional release of a person accused of a crime, for an amount, pledged for the … WebThe purpose of bail is simply to ensure that defendants will appear for trial and all pretrial hearings for which they must be present. Bail is returned to defendants when their trial is over, in some states minus a processing fee. The judge or magistrate decides the amount of bail by weighing many factors: the safety of the community ...
Bail vs Bale: How to Choose the Right Word - ThoughtCo
WebJun 21, 2016 · “Buy and Bail” is a pre-meditated foreclosure event, which means that the homeowner has advanced plans to default on its loan and, last decade, Buy and Bail strategies cost the nation’s ... Photo: jsolie / E+ / Getty Images. Buy and bail is the result of buying a new home with the intention of sending the former home into foreclosure. It is considered mortgage fraud. Even extenuating circumstances do not give a homeowner the right to commit mortgage fraud. See more Sometimes homeowners feel justified because they believe they were duped when they bought their existing home. A few of the reasons buy and bail borrowers feel misled are as … See more Buy and bail involves lying. It typically involves drawing up a phony rental agreement and presenting this false documentation to the … See more In Claude's case, he falsified loan documents and deliberately lied on his loan application. That is mortgage fraud. Mortgage fraud … See more town of tappahannock water
Bail definition and meaning Collins English Dictionary
Webbail definition: 1. an amount of money that a person who has been accused of a crime pays to a law court so that…. Learn more. WebBuy and Bail Characteristics . The homeowner is current on the mortgage, but the value of the home has fallen below the amount owed, so he or she applies for a purchase money … Webbail: [noun] a container used to remove water from a boat. town of tarboro electric utility tarboro nc