ASSOCIATED
BONDS
Surety bonds are an agreement between a principal and an obligee that a certain obligation will be performed. A wide range of bond types comprise commercial surety bonds, and Associated Bonds is a resource for the majority of commercial surety bonds.
Bond Types Available
Foreclosure-Right of Redemption Bonds
A right of redemption bond protects a purchaser of a property through a foreclosure sale or auction in the event that the original owner exercises the right to redeem the property by paying off their debt after the sale.
Administrator, Executor and Guardianship Bonds
Administrator Executor and Guardianship, bonds also called Probate Bonds are required by county courts of persons appointed to handle certain estates. These bonds generally guarantee that all the estate debts will be satisfied and that the remaining assets will be properly distributed or managed for the appropriate beneficiaries.
Open Estate
Bonds
Very often required by a title insurance company when real estate or other property is being sold by the heirs of an estate prior to the estate being closed.
Lost Securities
Bonds
A Lost Securities surety bond is a bond required by banks or other financial instrument transfer agents for persons who have lost or misplaced bond or stock certificates or a payment check
Notary
Bonds
The Notary bond protects the public against any financial loss due to improper conduct by an Alabama Notary. The bond is NOT insurance protection for Notaries.