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bail bonds

Posted by alfred on September 18, 2001 at 10:59 PM

Hey Ward,
Interesting thing came up in title research today. 3 parties are on title to this property. They've used the property before as security for bail bonds and always paid them back. (One of them must be a real jail bird.) The existing 1st (164K, 1993) came about in all of their names. Then in 1994 Party A of the threesome quitclaimed his interest over to the other two. Then in 1998, Party A used the property for security again with the same bail bond company (35K, and this is the 2nd). It wasn't showing up in my title search -- I had to check each individual's name in the grantee/grantor index to finally find it. There is just his signature on the TD, neither of the other two. He is not even on title anymore due to the QC right? Does that bail bond TD have the property as security or not? Did he pull a fast one on the bail bond company?
(I called the bail bond company to see what they thought and knew about this but the person in charge won't be back in town until the end of the week.) What about this, is this something to pursue or is this a dead horse?


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