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[–] 1Paydaddy 0 points 10 points (+10|-0) ago 

10% of 4 million. You give a Bonding agent 10% and they guarantee the 4 million that you will show up.

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[–] Lindorinel 0 points 4 points (+4|-0) ago 

If you have collateral.

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[–] everlastingphelps 0 points 3 points (+3|-0) ago 

This. He not only has to put up $400K that he doesn't get back, he also have to come up with another $3.6MM in collateral.

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[–] DickTick 0 points 1 point (+1|-0) ago 

No that's not how it works when you have cash.. when you have cash you can pay 10% and walk. I've personally seen it more times than I can count.

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[–] Cheetah1964 0 points 1 point (+1|-0) ago 

What bonding agent is going to go for this deal with ole Ed? Like he isn't going to take off for the South Pacific the minute he sees daylight?

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[–] Cloudrdr ago 

They have to be sure not to accept the yacht at the Marina for collateral.

Or the plane at the airfield.

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[–] 1Paydaddy ago 

He will be bumped off in jail. I hope the white hats got all the evidence in his apartment.