When you pick up a newspaper in Bellevue chances are there won’t be any articles about attachment bonds. Surety bonds tend not to make the headlines. Instead they operate in the background like gears in a clock. One common type of surety bond is an attachment bond. Often unnoticed by the public but never underestimated by the court a Bellevue attachment bond serves as only one example for Washington's reliance on surety bonds.
An attachment is a court action resulting in the legal seizure of property. A plaintiff in a case can requires the seizure of a classic car, diamond necklace, painting, or any other type of property. While the court is concerned with justice for the plaintiff it does not turn its back on the rights of the defendant. Courts thereby require a plaintiff to secure an attachment bond which covers double the value of the property being seized.
It’s important to note that just because a plaintiff’s appeal for an attachment is granted that does not mean the plaintiff receives possession of the property. They property is put under the care of a third-party, which is typically the sheriff’s department.
Yes, Washington as a whole uses attachment bonds as well as a great number of other surety bonds. The Washington surety bond experts at Jurisco can tell you about all the types of bonds used in the state and it’s requirements. Surety bonds are effective ways to cover court actions, take care of business license requirements, and instill public trust.
The frequency in which surety bonds are employed are due in large part to being cost-effective across the board. While the Bellevue attachment bond must be valued at least twice the amount of the property value the only cost is one percent of that total. This makes a Bellevue attachment bond easy to secure even when the property value is high.
At Jurisco we work hard to keep surety bonds affordable for all our Bellevue clients. Want to know more information about Bellevue attachment bonds? Contact us and let us know what you need. Online Bellevue attachment bond applications are also available.