A Writ of Possession Bond allows a plaintiff to take possession of property that is in the possession of a defendant. If the court later decides that the plaintiff must return the property in question to the defendant, the bond covers any damages and costs associated with this property transfer.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Writ of Possession Court Bond holds you accountable for your decisions.
By possessing a Writ of Possession Court Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your decisions.