Stack Funding in Michigan | Swift Deal Funding
Stack (Morby Method) funding in Michigan
Stack funding provides the cash a deal needs at the closing table when a seller carry-back note covers the buyer’s down payment but the closing still requires real funds to clear. We supply the cash; a recorded second-position note then repays our funds plus a flat 2.5%, often the same day through title. Typical funded amounts in Michigan run $30,000–$100,000, with capacity up to $10 million per transaction.
Michigan has a deep seller-financing and land-contract tradition, and that history makes Stack a natural fit. Around Detroit, Warren, Dearborn, Flint and Pontiac, motivated owners with equity in low-priced properties often prefer to carry a note rather than take a small cash payout outright. Because entry prices are among the lowest of any major US metro, the down payments those carry-backs cover are modest — so Stack-funded amounts here tend to run on the smaller side, keeping the flat 2.5% low in dollar terms.
How a Stack deal closes in Michigan
Michigan is a title/escrow-closing state, so the title company conducts the closing and records the instruments with the county register of deeds, with no mandatory attorney. The seller’s carry-back is documented as a mortgage (or alongside a land contract), and our repayment note records in second position behind it. The title company disburses to the seller, records the carry-back and our second-position note, and our funds plus the 2.5% are repaid — typically same day. On land-contract structures, verify recording and priority handling with local title counsel, since the mechanics can differ from a standard carry-back mortgage.
Pricing
Flat 2.5% of the funded amount, settled through the closing statement — nothing upfront:
| Funded amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back large enough to cover the required down payment plus closing costs
- Title company ready to record the second-position note immediately after closing
- Written confirmation from the title company that the note will record as agreed
No credit check, no income verification, no tax returns. Michigan note: clarify whether the deal is a carry-back mortgage or land contract so recording is handled correctly.
A typical Michigan Stack scenario
A Flint owner with a paid-off rental agrees to carry back a note covering the buyer’s down payment, but the closing still needs cash at the table. You bring in Stack: we provide the funds, the title company disburses to the seller, records the carry-back and our second-position note, and our cash plus 2.5% is repaid through the close. You picked up a seller-financed property without fronting the down payment — and on a Detroit-metro price point, the fee was small.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your title company on the carry-back recording.
Frequently Asked Questions
How does Stack handle Michigan's land-contract tradition? +
Michigan has a long land-contract culture, and Stack adapts to seller-financed structures whether documented as a carry-back mortgage or alongside a land contract. The core requirement is the same: a seller carry-back large enough to cover the buyer's down payment, with a second-position note recorded after closing to repay our cash plus 2.5%. Run the specific instrument — carry-back mortgage versus land contract — past local title counsel, since recording and priority handling can differ.
Who records the second-position note on a Michigan Stack deal? +
Michigan closes through title companies and escrow agents, so the title company handles recording with the county register of deeds rather than a mandatory attorney. The seller-carry note that repays us records in second position behind the carry-back terms. We coordinate with the title company so it records immediately after closing, and our funds plus the flat 2.5% are repaid — typically the same day. Confirm the title company is set up to record the second note as agreed.
Do Michigan's low prices affect Stack deal sizes? +
They do. On the low-priced distressed inventory common around Detroit, the down payment a carry-back needs to cover is smaller, so Stack-funded amounts here often run modest — frequently the mid five figures. That keeps your flat 2.5% small in dollar terms. Where you've got a motivated seller with equity willing to carry, Stack lets you close a creative-finance deal without bringing the cash to the table yourself, even on lower-dollar Detroit-metro properties.
Apply for Stack Funding in Michigan
Submit your application online — same-day decisions for complete files before 2 PM Eastern.