Field Inspector Owes Bank of America $12,774,102.00
Dean Counce plead guilty to wire fraud after doctoring a few inspection reports that were submitted to Bank of America Field Services.
According to court documents, Dean lost two homes in Brooksville, Florida, a silver watch, a gold watch and a gold bracelet. The court also ordered restitution to Bank of America in the amount of $12,774,102.00.
He is 42 years old. He will be 50 after eight years in a federal prison in Virginia. The court has ordered Dean to pay $200 a month in restitution upon release from prison. It will take 5,322 years for Dean to pay the $12,774,102.00 restitution to Bank Of America.
Counce’s company was required to visit a property, complete a report, take photographs and send the information to the lender. Initially, Counce performed inspections himself. As his company grew, employees were hired to carry out the inspections. As the number of foreclosures skyrocketed, the employees were not able to keep up with the volume of inspection requests. Counce’s staff began fabricating reports.
According to investigators, Counce directed inspectors to visit the property and take more photographs than necessary. The photos were then used for subsequent reports. In other cases, Counce allegedly told workers to use information from public websites to fabricate reports for properties that were never inspected.
Employees estimated about 30 percent of the reports completed in 2007 and 2008 were fabricated. That percentage increased to 50 to 60 percent in 2009 when Counce won a new contract with Bank of America. Bank of America paid the company about $23.5 million over the course of five years.
You Would NOT Cook Eggs On The New i-Pad Air
There is a FREE app at the Apple Store for cooking eggs on the new Apple i-Pad Air.
You would not cook eggs on an expensive i-Pad Air … would you?
So why would you perform $3 mortgage inspections and wear our your car?
Foreclosurepedia: NAMFS Members Can Face 3rd Degree Felonies In Florida For Insurance Claims
Florida House Bill 911, which is set to take effect on 01 January 2018, makes it a third degree felony to participate in insurance claim matters without a public adjuster’s license. That covers ALL FHA INSURED FORECLOSURES. It also covers all hazard claims as well as all damage and storm claims.
Florida has five degrees for felony offenses: Felony in the third degree, felony in the second degree, felony in the first degree, life felony and capital felony. A felony is classified based on the maximum penalty allowed by law should one be found guilty of the associated crime.
Felony in the Third Degree
A felony in the third degree is punishable by no more than five years imprisonment in a state prison and a fine of up to five thousand dollars. In addition, the defendant may also be ordered to pay the victim restitution as ordered by the court.
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The federal jury wasted no time, with respect to the first 11 Plaintiffs, in awarding over TWO MILLION DOLLARS. And with respect to the remaining dozens of Plaintiffs whom jurors will deliberate upon over the next several weeks, that price is expected to double, if not triple.
This Photo Says It All …
Check out the National Field Service Directory at www.sofistore.com. Get connected with the higher quality firms that pay the higher fees.
Caution … Vendor Application Weblink Is Not Secure
The vendor application at Five Brothers is not secure. They ask for your SSN.
They are not a member of SOFI.
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