Surplus Deals explained -Spencer Vann

[Adriea Herndon]

Hi everyone. I’m back again with another question in regards to a guru. I recently came across Spencer Vann and his class on surplus funds. I’ve tried looking up surplus funds and so far have gathered that it’s money the seller gets back after the house is sold at auction. And it sounds not terrible given contracts and legal. However there are major gaps for me:

1. How exactly are you getting this money? Where is it coming from?

2. Do you use a title company to get paid? 
Any other information would be helpful thank you!