Stack Funding in Maine | Swift Deal Funding
Stack (Morby Method) Funding in Maine
Stack funding supplies the cash a Maine closing needs when a seller carry-back note covers the buyer’s down payment on paper but the closing still requires real funds in escrow to record. We wire the cash to the table; the recorded seller-carry second note repays our principal plus a flat 2.5% — often same-day through the closing attorney. Typical funded amounts here run $15,000–$50,000, with capacity to $10 million.
Stack tracks creative-finance activity rather than straight assignments, and Maine offers a fitting backdrop: a lot of older, paid-off housing and long-tenured owners — many in rural counties or moving toward retirement — who’ll carry a note rather than take an all-cash payout. Greater Portland adds the steadiest seller-finance flow.
How a Stack deal closes in Maine
Maine is an attorney-closing state, so the closing attorney conducts settlement and records the documents at the county registry of deeds. The sequence: the seller agrees to a carry-back covering down payment plus costs; we wire the cash needed at the table; the attorney executes the closing and records the carry-back note in second position; that recorded note repays us plus 2.5%, typically same-day.
Maine’s wet-funding rule is why Stack exists for this market — a paper carry-back doesn’t put dollars in escrow, but Maine demands funds before recording. Our cash bridges that. Rural registries can affect recording cadence, so confirm timing. Have your Maine attorney confirm the second note records as agreed, and review the carry-back terms.
Pricing for Stack in Maine
Flat 2.5% of the funded amount, collected at close. No upfront fees.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
| Up to $10,000,000 | $250,000 |
Stack Funding Requirements
- Executed purchase contract with seller-financing terms
- Seller carry-back ≥ required down payment + closing costs
- Maine closing attorney ready to record the second-position note immediately after closing
- Written confirmation from the attorney that the note records as agreed
A typical Maine Stack scenario
A retiring owner of a paid-off farmhouse near Bangor will carry $30,000 to ease into a sale. Your buyer’s lender requires that $30,000 shown as real down-payment funds at closing. Maine won’t record dry, so Stack wires $30,000 to the closing attorney; the deal records, the carry-back note records in second position, and that note repays us $30,750 — your buyer closes without cash they didn’t have.
Apply for Stack Funding in Maine
Submit your purchase contract and seller-financing terms online. We coordinate the carry-back recording directly with your Maine closing attorney.
Frequently Asked Questions
Can a Maine closing attorney record the seller-carry second note? +
Yes — and in Maine the attorney conducting the closing handles it. Maine is an attorney-closing state, so the closing attorney executes settlement and records the carry-back note in second position at the county registry of deeds. We need written confirmation from that attorney that the second note will record immediately after closing, because the recorded note repays our funds. Confirm your Portland or Bangor attorney is comfortable with the creative-finance structure before scheduling.
Why does wet funding matter for a Maine Stack deal? +
Even when a seller carry-back covers the buyer's down payment on paper, Maine's wet-funding rule means real money must be in the attorney's escrow before the deed records. That gap is what Stack fills: we wire the cash needed at the table so the closing can fund and record, then the recorded second note repays us plus 2.5% — usually same-day through the attorney. A paper-only down payment can stall a wet-state closing without it.
Are seller-finance deals common enough in Maine to use Stack? +
They're less common than in larger markets, but Maine's older, often paid-off housing stock and long-time owners produce motivated sellers willing to carry a note — especially in rural counties and around retirement transitions. Maine has no wholesaler-licensing statute, but seller-financing carries due-on-sale and disclosure considerations. Have the carry-back terms reviewed by a Maine attorney, frequently the same one closing the deal.
Apply for Stack Funding in Maine
Submit your application online — same-day decisions for complete files before 2 PM Eastern.