Trustee Foreclosure Bond Guide
SuretyBonds.com offers the best service and fastest delivery for court bonds in the industry. Learn how to navigate the trustee foreclosure bonding process with this quick guide.
Bond Overview
- Who Needs It: Trustees, mortgagees or attorneys managing assets in foreclosure cases
- Purpose: To ensure assets and funds are managed properly during the home foreclosure process
- Regulating Body: The probate court or judge overseeing the case
- Required Amount: Determined by the court based on the property value
- Premium Rates: Typically $10 per $1k of coverage, with a $100 minimum
What Is a Trustees, Mortgagees, Attorneys or Foreclosure Bond?
A Trustees, Mortgagees, Attorneys or Foreclosure Bond is a type of court surety bond required when a foreclosed property is placed with a trustee. The bond contract guarantees fulfillment of court orders regarding sale of the property and funds management.
How Do Trustee Foreclosure Surety Bonds Work?
Trustee foreclosure bonds hold individuals responsible for making ethical financial decisions and following laws. The bonded party is liable for covering financial losses incurred by failing to do so if the harmed party files a valid claim on the bond.
How Much Do Trustees, Mortgagees, Attorneys or Foreclosure Bonds Cost?
Trustees, Mortgagees, Attorneys or Foreclosure bond premiums start at just $100. Typically, bond rates are calculated at $10/$1k with a $100 minimum. Exact pricing will vary per applicant based on personal financials. Get a free quote now.
How Do I Get a Trustees, Mortgagees, Attorneys or Foreclosure Bond?
SuretyBonds.com is proud to be the industry’s fastest and most affordable surety bond provider. Apply online today — it only takes a couple of minutes. We’ll provide a free quote within one business day which you can pay for at any time.
Can I Get a Trustees, Mortgagees, Attorneys or Foreclosure Bond with Bad Credit?
SuretyBonds.com offers a Bad Credit Bonding Program to help 99% of applicants qualify for the bond they need. If you have poor credit, you may pay a higher premium for your foreclosure bond. However, we’ll search our nationwide network to approve you for the most competitive rate possible.
