Stack Funding in Detroit, MI | Swift Deal Funding
Stack (Morby Method) Funding in Detroit, MI
Stack funding supplies the cash you need at the Detroit closing table when a seller carry-back note covers the buyer’s down payment — but title still needs real money in escrow to close. Swift Deal Funding is a direct lender: a recorded second-position note repays our funds plus a flat 2.5% fee, often same-day through title. No credit check, no income docs, no tax returns, all 50 states.
Detroit’s low prices and large pool of owner-held, low-leverage homes make creative finance practical. A landlord or owner-occupant with a $90K home and no mortgage can carry a note to move the property faster, and the buyer acquires without big down-payment cash. Stack is what lets those subject-to and owner-finance deals actually close at the Wayne County table.
How a Stack Deal Closes in Detroit
Michigan is a title/escrow, wet-funding state with no attorney mandate, so a Wayne County title company runs it:
- Seller agrees to a carry-back note covering the down payment and closing costs.
- We wire the cash needed at the table on closing day.
- Title disburses to the seller and records the carry-back note in second position.
- That recorded note repays our funds plus 2.5% — typically same-day through title.
Confirm your Detroit closer will record the second note immediately after closing and that title is clear of any redemption issues.
Pricing
Flat 2.5% of the funded amount, collected at close — nothing upfront.
| Funded Amount | Fee (2.5%) |
|---|---|
| $20,000 | $500 |
| $50,000 | $1,250 |
| $100,000 | $2,500 |
What You’ll Need
- Executed purchase contract with seller-financing terms
- Carry-back amount ≥ required down payment + closing costs
- Wayne County title company ready to record the second-position note immediately after closing, confirmed in writing
A Typical Detroit Stack Scenario
A creative-finance buyer negotiates a tidy East English Village home at $95,000 from a retiring landlord who owns it free and clear and agrees to carry back $19,000 — covering the down payment and costs. The title company still needs that $19,000 as actual escrow funds to close. Stack wires it in; the deal closes; title records the seller’s carry-back note in second position; and that note repays our $19,000 plus a $475 fee, same-day. The buyer acquires a cash-flowing rental with none of their own down-payment cash.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate the carry-back recording directly with your title company.
Frequently Asked Questions
Do seller carry-backs happen on Detroit's low-priced homes? +
Yes. Detroit has many owner-occupants and long-held landlords with little or no mortgage on homes worth $60K–$120K, and carrying a note can move a property faster than waiting for a cash buyer. Stack supplies the real escrow funds a Wayne County title company still needs to close once the carry-back covers the down payment. The recorded second-position note repays our funds plus a flat 2.5%, often same-day through title.
How does Michigan's redemption period interact with a Stack deal? +
Stack works on seller-financed purchases, not necessarily foreclosures, but if your Detroit property recently came out of foreclosure, Michigan's six-month redemption period must be resolved before title can close and the second note can record. Stack requires title to be ready to record the carry-back note immediately after closing — so the property's title must be clear of redemption issues first. Confirm status with your Wayne County title company before scheduling.
Stack or Echo for a Detroit creative-finance deal? +
Echo is repaid from your assignment fee — best for straight wholesale flips. Stack is repaid by a recorded second-position note and is built for seller-financed deals where the carry-back replaces the buyer's down payment. On Detroit's low-priced, often owner-held inventory, subject-to and owner-finance structures are common, and Stack covers the escrow cash title still requires to close. The recorded carry-back note then repays us.
Apply for Stack Funding in Detroit, MI
Submit your application online — same-day decisions for complete files before 2 PM Eastern.