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.



  1. What the heck was he thinking?? It doesn’t matter if it’s a BoFa inspection or HUD.. if you take the job, then do the job you’re hired to do. It’s people like him that give us ALL a bad name! Shame on him!!

  2. I agree with Pamela. How much more intensified has the inspection process become because of this knucklehead and more like him. If everyone would have just performed their job correctly and without cheating, maybe we wouldn’t be taking 20 photos per inspection of street signs, address markers and the like.

  3. I don’t understand. The mortgage industry is supposedly nothing but trouble for field inspectors, offering three dollar inspections. How could this guy make 23 million dollars in inspection fees? I’m scratching my head.

  4. And this man is the cause of the hard working companies out there that are reliable and do their job correctly to now have to submit background reports from mobile device before even stepping foot on th property to assure that is the person that is authorized to be there and has passed all checks and along that note $400.00 if not more on getting geo coding cameras with time and date stamp embedding in the photo. We as a company have been doing this for over 8 years and we have seen it only get worse because of low down dirty companies as his. Just do your job inspections are by far the easiest out of the field services. Shame on you MR.

    I am trying to get into this field. And I would love to have BOA as one of my clients! Why didn’t he set a maximum per month limitation on his field inspections…..???
    What a jerk!

  6. This is unbelievable that he we was blessed to be given such a great opportunity, and you allow greed and deception to cloud your judgment. Here is a perfect example of a business man that gives honest business people such as myself, a hard time in getting a contract of that magnitude. Hopefully, a financial institution like Bank of America will continue to look for companies that practice honesty and integrity in business relationship like Chain Estates!

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