Surplus Fund Review – Spencer Vann Scam?

Today we will be reviewing a program known as Surplus Fund. Is it legit? Find out in this Surplus Fund review.

It’s not a novel idea or tactic to have extra money lying around. You may or may not be familiar with this tactic, which goes by a number of various names depending on who you ask.

Some examples include: overages, unclaimed funds from tax sale, surplus recovery, mortgage surplus, tax sale overages, tax sale surplus, and so on.

What is this tactic, and how does it function? How can you make money from it?

Before you decide to sign up for this program, you should read this Surplus Fund review first.

DISCLAIMER: This is a fully independent review. I’m not affiliated with Surplus Fund in any shape or form whatsoever.

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Surplus Fund Review: Quick Details

Surplus Fund Review - Logo
  • Name: Surplus Fund
  • Owner: Spencer Vann
  • Website:
  • Socials: Instagram, Twitter
  • Type: Training program
  • Niche: Fund recovery
  • Recommended?: This is a pretty unique business you can get into. If you think you are patient enough to learn how the process works, then maybe this can work out for you. However, if you think you are better with simpler methods, then maybe you should look for other opportunities. If you want my opinion, you should check my top recommendation instead.

The Surplus Fund Recovery Process

Surplus Fund Review - Foreclosure

If a homeowner quits paying their mortgage payments and doesn’t come to an agreement with the lender, the bank will eventually foreclose on the property.

A homeowner might cease paying payments for a variety of reasons; in the end, though, it doesn’t matter why.

Take the case of a homeowner who has been paying mortgage payments for a decade. A portion of the debt has been repaid. They’ve been making monthly payments and seeing their home’s worth rise for the past decade. The home’s current value is $100,000, and the owner has a $100,000 equity.

The current market value of the house exceeds the amount of mortgage and other loan obligations.

The homeowners have experienced a setback and are unable to refinance their mortgages. Because they are too ashamed to tell their acquaintances about their financial difficulties, they never try to sell.

This program is pretty similar to Overage Syndicate, Tax Sale Attorney, and Overages Blueprint.

Foreclosure and Surplus

In the end, the house is put up for auction due to the foreclosure process. Keep in mind that they have invested $100,000 into the property to far.

In this case, the house is auctioned off. At the auction, an investor purchases the house at a steep discount.

In accordance with foreclosure statutes, homeowners are legally entitled to any “extra” or “Surplus Funds” remaining from the sale of their home after all lien holders (bank mortgages, liens, etc.) have been paid in full.

It’s essentially the same as if the homeowner had really sold the property. Once they’ve paid off any and all liens on the property, they get to keep the selling profits in full.

So, in our scenario, let’s assume that the investor still saves $50,000 on the purchase price of the house after factoring in all expenses. The “Surplus” should be paid out to the property owner.

When a surplus exists, the attorney in the county where the auction was place rarely contacts the homeowner to inform them. And most homeowners don’t even realize they’re eligible for this reward.

One can only image the joy felt by the homeowner upon receiving a phone call informing them of the arrival of a financial windfall. Many of them don’t believe it and perhaps suspect a hoax.

This is why it’s crucial to have a firm grasp of both the content and delivery of your communication skills. For the simple reason that if you provide the wrong answer, people would never trust you.

Surplus Fund Mastery Online Overview

Spencer Vann has created a course that explains how to make money using Overages and anyone can follow it. Many training courses neglect to include important nuances.

This is a quick overview of the program’s curriculum:

  • 6-Week Surplus Fund Masterclass
  • Surplus List Lead Site Access
  • Access to their Facebook Group Coaching Page + Group Coaching Calls with Spencer, David, and Rick
  • Surplus Fund Expert Scripts (phone, email, direct mail, and more)
  • Surplus Fund Expert Contracts
  • Surplus Warrior Marketing Plan

I think Spencer has done a decent job of outlining the necessary procedures and guiding students through each one. He has made a detailed plan detailing everything that must be done and in what sequence.

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Surplus Funds FAQ

Does the program tell you where and how to obtain the surplus recovery list?

Yes. Surplus recovery lists work far better in certain states than others. Not all states are created equal. The good news is that if you have the appropriate team in place, you can do this from the comfort of your own home, regardless of where in the country you happen to be located.

You can even get scripts for the phone to utilize in order to obtain these listings.

These listings are available from the county. They can be found in the public domain, meaning that they are free.

After obtaining the list, how do you find the person to call?

After sorting through the list (some lists are very long, so you’ll need to know what to search for), there are a few options for locating the original homeowner.

Clearly, they have moved from their previous residence. In this regard, social media has proven to be an invaluable resource.

Additional materials are also provided and detailed. Skip tracing is the very last resort, yet it might be the most successful.

Once you have found the contact number of the person you need to talk to, the next step is to figure out what to say to them in order to not appear suspicious.

You can even get scripts for this online. All you want to do is introduce yourself, reassure them that you are a trained expert, and assure them that you will assist them recover their property.

Are there any other fees incurred after purchasing this program?

Yes. There will be a cost involved. The filing fees vary by state. Those costs are negligible at best. But I don’t think you’ll be charged anything by Spencer.

How long does the entire process take?

It differs from state to state. In certain places, the courts have built-in delays to guarantee that every other party that could have a claim on the excess is notified. This is because there is a possibility that more than one person could have a claim on the surplus.

Should this be the case, it can take two to three months. One of the reasons why you should think about doing this in several states or having numerous agreements running at the same time is because of this particular reason.

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Final Verdict – Surplus Fund Review

It’s thrilling, and it may result in large payoffs for the right person. However, there are only a few few categories that are even somewhat worthwhile to enter because of how cutthroat the competition is. Those regions are teeming with attorneys and other well-established individuals who are engaged in the same activity.

It may appear simple, but in reality it is not. The majority of these recovery agents have been operating in the region for many years; also, it takes a significant amount of time and effort, and you need to have the appropriate team in place in order for it to even be possible to be successful.

It is highly recommended that you work together with an attorney if at all possible.

I’m not trying to put you off; rather, I’m just being straightforward and honest when I explain that it’s not for everybody.

The turnaround time is more than ninety days. You have nothing to lose by giving it a try, especially if the company offers a money-back guarantee that is valid for the first 90 days.

However, Surplus Funds is not for those who are easily discouraged. As you can see, the training program can take some time. Besides, you need to learn how to get clients too. There are simply a lot of processes in line with this business.

On the other hand though, you can check my top recommendation. More details are available in the next section.

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Thank you for reading this Surplus Fund review.

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See you on the other side.

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