Property Bond

Property bonds are not accepted in all states, but they are used in California on occasion. With this type of bond, the full rights of the property must used as collateral. Many different types of property can be used, but real estate is the most common. Getting a property bond takes time. While a surety bond can be obtained in an hour, a property bond requires that the property be assessed for its value and that a court hearing be conducted to ensure that everything is agreed upon. As a result, a property bond can take weeks to secure.