LET MAVERICK HELP REDUCE YOUR RISK
"Large Liability" Client interviews in jail
Defendant suitability research
High bond collateral valuation
On a large bond a local bail bondsman may only see how big a stack of cash premium on his desk seems and not properly balance the Surety’s risk to his reward.
Pre-bond Defendant interview and bond suitability research.
Large bonds naturally are a large risk to the Surety. Is the Local Bondsman the only source of information?
Herein lies to problem. A Surety, who is ultimately at risk on the bond does not know the Defendant, how strong his ties are to the community, the seriousness of the offence, length of possible jail term, any past failures to appear, and other aspects of the case as seen through the eyes of the Defendant. In the Defendants view, the higher the expectation of a long prison term equals that Defendants likelihood of running.
Maverick's "In custody pre-bond suitability interview" research begins with an intake interview where the Surety gets to know the large bond client (Defendant), his personal views and expectations of the case, the apparent probability of conviction, the likely sentence, the ties he has to the community, his reputation, his employment, educational background, prior criminal record, financial condition, whether the defendant has missed previous court dates. Bottom line. Is he worth the risk?
This information will be verified against court records and state records.
Independent collateral valuation.
An important aspect of bail is that even though a local bail bond Agent will have to call the Surety for approval on a large bond of $500,000.00 or $1,000,000.00, a Surety will only know what the collateral value will be based on the research or “word” of the local bondsman. The Surety is usually constrained by distance and it is also not cost effective for a Surety to send a representative cross country to verify the value of the collateral.
Maverick can form an independent, true valuation of the collateral without the lure and effects on judgment, of a pending large premium
" Payday! ".
There has been a tradition in the Surety Industry of giving an Agent Authority to post bonds in their name. The first level of liability of course rests with the Agent who has hopefully obtained control of enough collateral to cover a bond in case of forfeiture by the court.
If, for the numerous reasons, this forfeiture is not paid in a timely manner, the court then looks to the Surety for payment.
Local Bail Companies close for many reasons, retirement, death, bad record keeping, bad bookkeeping, bad business sense, insufficient income, lack of clients and all the problems associated with business in general due to the economy.
When this happens the Surety Company must continue with each open case by that now defunct Agent and follow through with each case to ensure completion.
Uncollected fees, unfinished or incomplete liens, deeds of trust, pending forfeiture hearings, uncollected or unsecured collateral on current liabilities, absconded Defendants, cash collateral holdings, these are just a few of the many problems faced by the Surety.
Maverick considers its role as acting on behalf of Surety Companies as a fiduciary duty.
A fiduciary is the highest standard of care at either equity or law. A fiduciary is expected to be extremely loyal to the person to whom he owes the duty (the "Surety Companies") such that there must be no conflict of duty between fiduciary and principal.
Call for a FREE CONSULTATION
CALL (928) 358-2926
Not available in Arizona until Sept 27th 2015
Maverick can not only save your known assets, we can also find assets that you didn't know you have!
As a Client with Maverick, we search out and find assets for you, in your Companies name or disconnected Agent's name, as we search the various state, county, and court records system while on any case for you.
It may yield countless liens, attachments, deeds of trust, vehicle liens, that have been on uncollected accounts and lend information to audits and accounting.
Arizona Department of Public Safety Private Investigative Agency # 1569631
Maverick has been in the bail industry since 1992.
Beginning in Arizona as Suzanne (Suzy) Dougherty's
"Problem Solver" in 1992, then to Maverick's first Investigative office co-rented with Bryce Dickerson of Affordable Bail in 1994.
Opening the first and original "Bad Boyz" bail bonds in Phoenix in 1999 and founding the original "Outlaw Bail Bonds" in Northern Arizona in 2004. Bond Agent for several Sureties including BAILUSA, IFIC and Bankers.
No longer in the writing end of bail, Maverick now focuses on solving the day to day problems for Surety Insurance Companies.
Conduct Audits of Bail Bond Agents Nationwide
Assist Bail Agents in remaining in compliance with surety contracts and state statutes
Assist Bail Agents in improving underwriting standards
Locate Bail Agents who have become unresponsive to attempted traditional legal actions
Conduct Agency shut downs of non compliant agents
Recover Power of Attorney inventories and company supplies
Investigate complaints of fraudulent practices
Produce reports of surety audit findings