Stack Funding in Delaware | Swift Deal Funding
Stack (Morby Method) Funding in Delaware
Stack funding provides the cash needed at the closing table when a seller carry-back note covers the buyer’s down payment but settlement still requires real funds in escrow. We put up that cash; a recorded second-position note then repays our funds plus a flat 2.5%, often the same day. It’s the layer that makes Morby Method and subject-to deals close in Delaware. Stack advances here typically run $30,000 to $100,000, with capacity up to $10,000,000 per transaction.
Delaware is a small, stable market, and that consistency suits creative finance — owners with built-up equity in New Castle County around Wilmington and Newark, plus Dover, are sometimes willing to carry a note rather than insist on a full cash payout. With a statewide median roughly in the $361,000–$475,000 range, the carry-back-plus-Stack structure can make a subject-to deal pencil where all-cash would not.
How Stack Funding closes in Delaware
Delaware is a wet-funding state and an attorney-closing state. Wet funding means proceeds disburse at signing, and a licensed Delaware attorney both conducts settlement and records the seller-carry second note right after — so our funds are repaid promptly once that note records, typically the same day.
One attorney controlling disbursement and recording keeps second-position priority and repayment clean in a subject-to structure. Plan for the attorney’s settlement fee, commonly around $1,400. Creative-finance acquisitions are permitted statewide if you disclose your interest; there’s no wholesaler-licensing statute. Confirm the recording order and second-position priority with your Delaware settlement attorney.
Pricing
Flat 2.5% of the funded amount. No upfront fees — collected through the closing statement:
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
| Up to $10,000,000 | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back at least equal to the required down payment plus closing costs
- Settlement attorney prepared to record the seller-carry second-position note immediately after closing
- Written confirmation from the attorney that the note will record as agreed
Delaware note: the New Castle County settlement firms handle most investor recordings — pick one comfortable with subject-to and seller-finance structures.
A typical Delaware Stack scenario
A Wilmington investor buys a $310,000 home subject-to the existing loan, with the seller carrying a $48,000 note covering the down payment and costs — but settlement needs $48,000 in escrow. We wire $48,000 to the settlement attorney’s escrow account; the deal closes, and the attorney records the seller-carry note in second position. That recorded note repays our $48,000 plus the flat 2.5% — $1,200 — the same day, and the investor closes a near-zero-cash acquisition (plus the roughly $1,400 attorney fee).
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your settlement attorney on the second-note recording.
Frequently Asked Questions
How does the recorded 2nd note work with a Delaware attorney closing? +
Delaware is an attorney-closing, wet-funding state. A licensed Delaware attorney conducts settlement, disburses from escrow, and records the seller-carry second-position note right after closing. We provide the cash needed at the table; once the second note records, it repays our funds plus the flat 2.5%, often the same day. Budget for the attorney's settlement fee, often around $1,400, and confirm the recording sequence with your Delaware settlement attorney.
When does Stack fit a Delaware creative-finance deal? +
Stack works when a seller carry-back covers the buyer's down payment but settlement still needs real cash in escrow. In Delaware's stable market — mostly New Castle County around Wilmington and Newark, plus Dover — owners with equity sometimes prefer to carry paper. With a statewide median roughly $361,000 to $475,000, pairing a seller carry-back with Stack lets investors close subject-to deals without the full down payment in cash.
How fast can you fund a Stack deal in Delaware? +
About 48 hours from a complete file. We need your purchase contract with seller-financing terms, confirmation the carry-back covers the down payment plus costs, and the settlement attorney's written confirmation the second note will record as agreed. Because a Delaware attorney handles disbursement and recording, coordinate the timing so the note records and repays our funds the same business day.
Apply for Stack Funding in Delaware
Submit your application online — same-day decisions for complete files before 2 PM Eastern.