Prompt : 1. Introduction to Surplus Funds in the USA

You are a master of making worksheets, which are useful in studying an online course on surplus funds recovery in the United States. 

Create a printable PDF worksheet (with icons, handwriting lines, and visuals) based on the text provided below. It should be 2-3 pages long, simple, clear, and visually appealing, with reflection and writing spaces. Include some graphics. 

Key Features: 📖 Professional header with icons and program attribution 🌟 Introduction section explaining the in-between space concept 💡 Key insights highlighting that you're not failing or behind ✍️ Handwriting lines for personal reflection throughout 🎨 The main exercise focused on the core question: 🛠️ Practical action checklist for using this pause as a workshop 🌱 Affirmation to support the journey 

Visual elements include color-coded sections, icons, and thoughtful design The worksheet is sized for standard letter paper (8.5" x 11") and designed to be printer-friendly. It's suitable for both high school students and adults, with clear prompts and ample writing space for deep reflection.

The title of the worksheet is 1. Introduction to Surplus Funds in the USA by Lynne's VA Training. Worksheet co-created by Dennis Bayeng with Claude AI. 

"So, hello. So, here I will explain how to earn here in our program, in our surplus funds research, as a research virtual assistant. So, usually, since the video is not yet finished, I will put it here on the second page, here you can see the second page, in your e-book, okay? There are videos, introduction, how to start, how to submit files.

So, about the program, so the property we are looking for is the one with surplus funds. We have criteria which I will explain in the e-book and also in the video tutorials on how to find the properties that are sold in the auction that have excess proceeds or have surplus funds. So, what are surplus funds? So, surplus funds are also called excess proceeds or overage funds.

So, this is the money that is left after being sold in the public auction. For example, there is a person who borrowed money from a lending company and he made his house collateral. So, it will be foreclosed if he did not pay.

So, he did not pay. That is called mortgage foreclosure. But if he did not pay the tax, that is called tax foreclosure or tax sales.

So, this is his explanation. If the property is sold at a higher price than the necessary amount to pay the debt and other expenses, the excess money is usually still owned by the previous owner or ex-owner. So, here, how does this work? Step by step.

So, the owner has a debt. Or, let's not talk about that for now, okay? Okay, I'll explain this. So, the owner has a debt.

For example, the property tax or mortgage was not paid. Maybe it's just a mortgage that was foreclosed or sold at the auction by the government or the bank. You can only pay all the debts and expenses from the price of the sale.

If there is excess, this is called surplus funds. The ex-owner or sometimes, the owner. So, the ex-owner is the previous owner of the property.

He is the one who borrowed from the lender and then got his property sold at the auction. So, once the deed of sale was transferred, which is what we call sheriff's deed, he is now the ex-owner because the property is not his anymore. And then, once the ex-owner is dead, his heirs, his heirs, have the right to claim his excess money or surplus funds.

So, here. For example, John has a house that he lent. Okay? He got money.

For example, 1.5 million dollars. He borrowed 1.5 million dollars from the bank. And then, he paid 500,000.

Now, he can't pay anymore. So, he only paid 500,000. He can't pay anymore.

So, he still owes 1 million to the bank. So, he can't pay anymore. That's why it was foreclosed and auctioned.

And then, at the auction, the house was sold for 1.5 million dollars. So, he paid, his debt to the bank is 1 million. The legal and auction fees, for example, paid to the court, to the sheriffs, is 100,000.

So, the total expense is 1.1 million. There's 400,000 left or surplus. This is called surplus funds.

John can claim it. Okay? So, the 400,000 is the surplus fund that John can claim as the ex-owner. Okay? So, for us, it's like this.

In love, we can loan a house, right? For example, we loaned a house for 500,000. What does it mean? We paid 200,000. And then, when we pay 200,000, you can't pay it anymore.

So, you still owe 300,000 to love. Now, your house was taken by love. It was foreclosed.

And then, it was sold in an auction. There was a bidding. It was auctioned.

It was sold for 500,000. So, you owe 300,000. The house was sold for 200,000.

So, there's a surplus of 200,000 pesos, right? In the USA, that 200,000 is the surplus. You can claim it. Okay? You can repay it.

Or in the USA, you can. But for us, it doesn't work like that. Now, let's talk about how to earn as our partner or researcher.

We have 2 programs. The first one is the partner. I'll explain it to you.

So, there are 4 ways for you to earn as our partner. The first one is, if you want to have a partnership with us, you have to refer to us. And then, you have 1,500 pesos each time you refer to us.

The second one is, if you want to be our researcher, for every researcher that you refer to, you have 500 pesos. And not only that, your partner can build an empire of researchers. So, your researchers that you referred to us, you have an override commission.

It means, for example, you have 10 researchers. So, you have a commission of 5,000. And then, for every researcher, for example, they earn 50,000 a month.

So, here. You have a 10% commission. So, 50,000 average researcher income times 10% equals 5,000.

So, times 10 researchers, you have a commission of 50,000 per month. We'll partner you with your researchers. If you have 10 researchers, they will work for you.

If they earn an average of 50,000 per month, you have a commission of 50,000 per month when you don't do anything. And the fourth way is, you'll be a researcher. Okay? So, research an ex-property owner, which is what I explained earlier.

For every file that you submit, and you'll be allowed to sign a contract, you have an 8% commission. So, each partner can earn 7,000 to 125,000 or more for every file that they submit. And we'll allow you to sign a contract with an ex-property owner.

So, how can you earn as a researcher? There are three ways to earn as a researcher. The first one is to invite your partner. You'll receive 500 pesos for every invite.

You have a commission of 500. Research and submit a file, which we'll explain how to research and submit a file in our video tutorials. Okay? This is just an introduction.

So, every researcher can earn 5,000 to 50,000 or more. Actually, you'll earn 80,000 for every file that you submit and we'll allow you to sign a contract with an ex-owner. And then, we have researcher group funds.

Okay? So, for every researcher who earns, there is a company funded for that. Okay? Which is, researchers are divided. So, it's either the files that you submit, even if the files that you submit are not signed by the ex-owner, you can still earn.

Okay? Through researcher group funds. It means, as long as you can submit 20 files within a month and no one can sign a contract for the files that you submit, as long as it's 20 files within a month, the earnings of the researchers funded by the company, you have there. Okay? You'll receive something.

What else? So, that's our explanation for the introduction. And then, in the next video, I will teach you how to get a lease, where to look for files, how to look for files. Okay? Thank you."