in this case maybe the land for some city surplus land they own that might actually be buildable ? 

I know of one US Supreme Court tax sale case about the bid surpluses must go to the former owner and not the county. 

And I can think of very little reason why the investors would, or should, approve of such a move.Now it is perfectly acceptable for a sponsor to take out cash from a refinance and distribute that surplus cash to the investors as a return of capital. 

@Ashley Morales I am familiar with ********** which is an auction site for govt agencies surplus vehicles, equipment, materials, etc.

Currently Brazil has strong economic surplus.

Several years ago the Alabama legislature and the Alabama Supreme Court, acting separately, eliminated the surplus funds tax sale strategy in Alabama.

With a net loss of population there is surplus housing and the price drops.

Some people advised to have 100k first and some people say just the down payment and additional surplus.

They also sell surplus properties.

Well that didn’t happen but she did get a surplus from the foreclosure which was above more than what the house selling price would have been.