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"Some businesses allegedly convinced consumers to pay thousands of dollars for unnecessary help obtaining 'surplus funds' by making misrepresentations and creating confusion,"

"These settlements resolve allegations that these businesses falsely represented that consumers needed their assistance to obtain surplus funds from foreclosure sales," Acting Attorney General John J. Hoffman said in the release.

Also settling with the Division of Consumer Affairs was U.S. Financial Funding, LLC and Jeffrey Richman, of Charlotte, N.C.; Capital Recovery III, LLC, Capital Recovery Inc. II, Charles Demes and Alan Dumond of Chicago; and, Jose A. Danoys, "JD Assets Recovery" of Old Bridge.

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As to Capital Recovery, the alleged violations included failing to identify the property to be recovered in its solicitation letters; using contracts that failed to set forth the consumer’s share of the surplus funds; and charging fees for the recovery of property that were excessive or unjust. In the settlement, Capital Recovery was assessed $97,197.30, of which $40,000 is suspended and will become vacated if the terms of the settlement with the Division are successfully met for the next three years.

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Q:  There are so many scams these days. How can I distinguish legitimate companies from scammers?

A:  All scams are based on money or personal information (like bank account or social security numbers) UP FRONT. At no time do we ask for any money or personal information from you. We are only paid if we successfully recover the money specified in the contract. If for whatever reason we are unsuccessful, you owe us nothing. If we are successful, all of our fees will come out of the recovered funds and never from you personally.