Abigail
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Can't find anything specific for NY - but Missouri requires the property to be located in Missouri and they cannot use their own property:
http://www.stlouisco.com/YourGovernment/CountyDepartments/JusticeServices/Bonds
Property Bonds involve the posting of real estate located in the State of Missouri in order to secure the release of the arrested party. An arrested party may not use his or her own property
The general rule seems to be that the property will need to be of at least twice the value of the bail needed.
http://en.wikipedia.org/wiki/Bail#Forms_2
Property Bond - the accused or a person acting on his behalf pledges real property having a value at least equal to the amount of the bail. If the principal fails to appear for trial the state can levy or institute foreclosure proceedings against the property to recover the bail. Used in rare cases and in certain jurisdictions. Often, the equity of the property must be twice the amount of the bail set.[30]
Still looking.................:drumroll:
Hmmm...thanks a lot!...amazing what one learns hanging around here! That's pretty rough not being able to use one's own property to post bail. I guess it means you'd have to round up enough relatives and friends who trust you enough to put their own property at stake. At least in MO. If it's the same in NY -- then GR wouldn't able to be able to use his own house (and I think some sleuthers around here figured the value to be around $200,000 or about 2/3 of the original bond. Just wondering how limited his options are.