The difference between a property bond and a surety bond is simply who is ultimately liable for paying the bond off in the event of a final judgment of forfeiture. A surety bond is backed by a surety (or insurance) agency that the bondsman is qualified to write bonds on behalf and the bond works more or less like an insurance policy. A property bond is collateralized by the bail bondsman’s own funds or property on deed with the jurisdiction that allows him or her to post bonds for its defendants. Property bondsmen are also often referred to as “Professional Bondsmen” while those writing on surety are often referred to as Surety Agents.
Regardless of what type of bond is written, if a $10,000 bond goes into forfeiture then someone is going to be liable for the entire $10,000.
If a surety bond is forfeited… More about the Differences between a Professional Bondsman and a Surety Bail Agent