If you know someone who has been arrested, you might be looking to bail them out of jail. But the process can be intimidating for those who are unfamiliar with it. Do you actually have to pay to free them? Will you ever get your money back? Here’s a helpful rundown of the methods by which you can post bail.
Bail Bonds
Bail bonds are provided by an insurance company through an agent known as a bail bondsman. They secure the release of the defendant pending trial. The first thing to know about how to bail someone out of jail philadelphia pa is that there’s usually a charge of 10 percent of the amount of the bond. The defendant must also put up collateral such as a mortgage on a house. When the court case ends (regardless of verdict), the bail bond is “exonerated” and returned to the insurance company. The only way a full bail would have to be paid is if the person who has been bailed out disappears and never shows up in court (aka “jumps bailâ€).
Image by Steve Buissinne from Pixabay
Property Bonds
If you lack the resources for a bail bondsman, pledging property as collateral may be an option. State laws vary, but in most cases the value of the property must be double the bond. However, because property bonds must include an application, a promissory note, a current appraisal and other documents, the process of having one posted can be lengthy. As with any bond, if the defendant fails to appear, the property will be considered forfeited.
Cash Bail
If you do have enough funds to pay a bail amount, you can simply bring it to the jail to secure the defendant’s release. Cash bail is fully refundable to the person who posts it, less administrative fees, at the end of the court case. However, it can often take a few months for the money to be returned.
Few things are more unsettling than seeing someone you know make a mistake that lands them in jail. Bailing them out is often the first step in setting that person on the right path.
Lamudi, the leading
real estate platform, brings together some
of the industry’s leaders for The Lamudi Real Estate Conference 2019, a one-day
event that aims to highlight key trends and important conversations about the
Philippine property sector. The conference, which is scheduled on October 17,
2019, will run from 8:30 AM to 5:30 PM at the Makati Shangri-La.
Lamudi has tapped the
President and Chief Executive Officer of the Bases Conversion and Development
Authority (BCDA), Vince Dizon, to be the keynote speaker for the event. Top
personalities in the industry will also be present to talk about five topics
essential in the evolving real estate sector.
Five Tracks to Drive Conversation
The conference will
discuss the following tracks:
Taking Sustainable Action:
Addressing Climate Change Through Real Estate
New-Age Customer Experience:
Transforming Real Estate Marketing in the Age of Disruption
Fresh Perspectives: Mapping
Evolving Real Estate Sales
Paradigm Shifts: The Sharing
Economy and the Real Estate Market
Changing Face: Uncovering
Alternative Ways to Invest in Real Estate
For the track “Taking Sustainable Action: Addressing Climate Change through Real Estate,†panelists talk about a pressing matter internationally and locally-climate change. With developers putting effort to integrate sustainability into their developments, panelists will discuss notable features that set the benchmark for efficiency. Cathy Saldaña, the Managing Director of PDP Architects, will moderate the track featuring panelists Cecilia Domingo, Vice-President and Head of Meralco; Carlo Valerio, Chief Executive Officer of Solana Land; Ram Maganti, SVP for Marketing and Innovations of Holcim Philippines Inc.; and Gay Santos, a financial inclusion specialist/advocate.Â
“New-Age Customer Experience: Transforming Real Estate Marketing in the Age of Disruption†will have moderator Deborah Ong, Head of Corporate Partnerships at Lamudi. Panelists Thomas Mirasol, General Manager of Federal Land; David Rafael, President & CEO of Aboitiz Land; Tek Samaniego, Property Editor of Philippine Daily Inquirer Property; and Marco Antonio, President & CEO of Century discussing how the real estate industry rises to the challenge of improving customer experience in the digital age.Â
The third track, “Fresh Perspectives: Mapping Evolving Real Estate Sales,†tackles changing customer behavior and how they impact the sales strategy of real estate marketers. This topic includes discussion about the new business models, strategies, and cutting-edge developments that sparked new ideas and best practices in the industry. Lamudi’s Chief Executive Officer, Bhavna Suresh, will be the moderator for the topic. Panelists include Jose Soberano III, CEO of Cebu Landmasters; Ricardo Lagdameo, First Vice President of Damosa Land; Raphael Felix, President of Subdivision and Housing Developers Association (SHDA); and Beth Ventura, President of Anchor Land Holdings, Inc.
“Paradigm Shifts: The Sharing Economy and the Real Estate Market,†moderated by Arch Capital Management’s Eric Manuel, presents panelists an opportunity to discuss their views on the sharing economy, a key trend popularized by freelancers and small businesses that is now impacting the real estate industry. Panelists Jelmer Ikink, Group Director of MyTown; Nick Padilla, Co-founder, CEO & Space Captain of Kahon.ph; and Paul Rivera, Co-Founder & CEO of Kalibrr will talk about the impact of co-working and co-living trends on real estate.Â
Guests will also discuss the track “Changing Face: Uncovering Alternative Ways to Invest in Real Estate,†which highlights the drivers of investor demand, with a focus on environmental, social and governance-related, and disruptive technology. The discussion will also touch on real estate investment trusts (REIT) to inform the audience of their alternative investment options in today’s real estate market. The panelists for this track are Richard Raymundo, Managing Director of Colliers; Mikko Barranda, Associate Director of Leechiu Property Consultants Inc.; Iluminada Sicat, Assistant Governor of Bangko Sentral ng Pilipinas; and Noel Rapadas, Senior Vice President and Chief Finance Officer of Torre Lorenzo.
About Lamudi’s Real Estate Conference
Started in 2017, Lamudi’s Real Estate Conference is a way of recognizing leading industry
projects and developers that have shaped the real estate sector. The event, in
partnership with Philippine Daily Inquirer Property and Holcim Philippines,
gathers an esteemed group of thought leaders to share their insights on the
pressing topics facing Philippine real estate today.
Lamudi’s Real Estate
Conference 2019, to be held on October 17, gives way to The Outlook Awards: The
Philippine Buyers’ Choice Property Awards scheduled on November 14, 2019, at
the Makati Shangri-La. The awards gala night brings together property developers from all over the Philippines
to celebrate the outstanding achievements that shaped the country and steered
it to a greener future.
The winners of the
awards are determined by the panel of judges and based on a survey involving
10,000 active property seekers.
From
property seekers to real estate professionals, Lamudi’s Affordable Housing Fair
was a roaring success. It united all groups from the real estate industry to an
event filled with knowledge and opportunity for all.
After a successful event at Trinoma, Lamudi
continued its Housing Fair series and brought it to Glorietta with a two-day
Affordable Housing Fair, from July 20 to 21, 2019.
The event, now in its third year, was
supported by several exhibitors, showcasing their offers and properties. The
exhibitors were the following:
Aspire by Filinvest
Ayala Residential Group
Calmar Land Development Corporation
Camella Homes
CDC Holdings, Inc.
Empire East
Food Panda
Futura
Homes by Filinvest
Grand
Monaco
Hausland
Development Corporation
Megaworld
Prime RFO
Pag-IBIG
Fund
PA
Properties
Phinma
Properties
Politan-
Agpasa Engineering and Architectural Design
RCD
Land
UnionBank
Credit Cards
United
Coconut Planters Bank
The emphasis of the event was getting
affordable housing for property seekers, hence the title of the fair, which is the
Affordable Housing Fair. Affordability
in the real estate industry is what a lot of keynote speakers and
exhibitors focused on in the event.
The fair had all sorts of seminars relevant
to the theme presented by esteemed speakers from a variety of places. Aside
from workshops, there were plenty of booths, training, as well as an escape room
called “Unlock Your Dream Home†for attendees to try.
Home-Buying Seminar for Aspiring New Homeowners
Lamudi Affordable Housing Fair held a free
home-buying seminar for aspiring new homeowners. The lesson covers all the
basics that they need to know before or during the home-buying process.
This talk was one that aspiring homeowners
didn’t want to miss.
On that note, Pag-IBIG Fund representatives
were also present to give a talk on their End-User Housing or Financing Program,
which is useful for new or aspiring homeowners.
Pag-IBIG Fund End-User Housing Program Talk
The End-User Home Financing Program by
Pag-IBIG Fund aims to help aspiring homeowners finance their new home. The loan
can reach up to about six million Philippines Peso, depending on a couple of
factors like desired loan amount, actual need, loan entitlement, and more.
The Financing Program doesn’t only cover
new homeowners. There are plenty of other eligible loan purposes that the
financing program can help interested loan applicants. For example, you can use
it to refinance an existing house loan or for financing home improvement
projects.
If you’re interested in applying for Pag-IBIG Fund’s financing program, then you can go to their website and log on to get an appointment set for you.
Property Auctions
Given the fact that it is an Affordable Housing Fair, there were also
auctions held in the fair that put up properties in foreclosure
for bidding. It’s a cost-effective way of purchasing a property. The
exhibitors listed above showed their offers to interested buyers, so there were
plenty of options and choices available.
Additionally, property seekers had plenty
of freebies as well as discounts on properties on the Affordable Housing Fair.
Networking Venue for Real Estate Professionals
Buyers aren’t the only ones who found a
good time with the Lamudi Housing Fair. Real estate professionals had the
opportunity to see industry leaders in the fair. They also received free
lessons on online marketing with the use of Lamudi.
With the help of the sponsors, Lamudi was able to launch
a successful Housing Fair and pull off these activities listed above. For the
July 20-21 Affordable Housing Fair, Subdivision & Housing Developers
Association, Inc. (SHDA) served as the official event sponsor.
Aside from that, the SM Development
Corporation served as the Premium Sponsor of the event. Major Sponsors of the
Housing fair were Federal Land and Lancaster New City by ProFriends. Minor
sponsors for the event were Aboitiz Land, BPI Family Housing Loan, DMCI Homes,
and Mandaue Foam.
Of course, the help of the media partners
which is Business Mirror, Business World, Malaya Business Insight, The
Philippine Star, and the Philippine Daily Inquirer Property made it easy to
spread the word which also contributed to the success of the event.
Lamudi now
completes a third year of organizing a housing fair that brought real estate
enthusiasts, both buyers, and sellers, together. Lamudi continues to look
forward to bridging these two groups together for the rest of the year with the
continuation of the Affordable Housing Fair series.
For those who
missed the Glorietta housing fair, don’t worry. There are still more to come
with a Housing Fair in SM Cebu on September 21-22. Before the year
ends, Lamudi will be organizing another Housing Fair in SM Mall of Asia in
December, so it’s an opportunity for those who missed this July’s Affordable
Housing Fair to attend.
Don’t forget to
check up on other news and updates on these future events on the Lamudi
website.
