Stack Funding in Alabama | Swift Deal Funding
Stack Funding in Alabama
Stack — the Morby Method — supplies the cash that has to hit escrow at closing when a seller carry-back note is covering the down payment but title still needs real funds in the account to close. We wire the cash to the table; a recorded second-position seller-carry note then repays us plus a flat 2.5%. It’s the tool for creative-finance Alabama deals where the structure is sound but escrow needs liquidity on closing day. Typical Stack amounts here run $20,000–$70,000, with capacity to $10 million.
Alabama’s lower price points make seller-finance and subject-to deals common, especially around Birmingham and Huntsville where motivated sellers with equity are willing to carry paper rather than take a full cash-out. Across a state of 5.1 million residents and a roughly $210K median, Stack lets investors close those structures without parking their own cash in escrow.
Direct lender, no credit check, no income, no tax returns — your contract and the seller-financing terms underwrite it.
How Stack Funding closes in Alabama
Alabama is an attorney-closing state, so a licensed Alabama attorney conducts the closing and records the documents. For a Stack deal that attorney does two things: disburses our cash at settlement and records the seller-carry note in second position with the county probate office afterward. We require written confirmation from the attorney that the note will be recorded as agreed before we fund.
Alabama wet-funds at the closing table, so once documents are signed funds disburse and the closing resolves the same day — the second-position note then records into the public record behind the first lien. That’s smoother than dry-funding states, where disbursement waits on recording. The carry-back has to be large enough to cover the down payment and closing costs. Confirm recording sequence and timing with your Alabama closing attorney.
Pricing
Flat 2.5% of the funded amount. No upfront fees — collected through the closing statement:
| Funded Amount | Fee |
|---|---|
| $40,000 | $1,000 |
| $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
- A seller carry-back at least covering the required down payment plus closing costs
- An Alabama closing attorney ready to record the second-position note immediately after closing
- Written confirmation from the attorney that the note will be recorded as agreed
A typical Alabama Stack scenario
An investor structures a subject-to deal on a Birmingham duplex: the seller carries a $45,000 note covering the down payment and costs, but the closing attorney needs $45,000 of real funds in escrow to close cleanly. We wire $45,000 to the attorney’s trust account by 9 AM. The deal closes at the table, the attorney records the seller-carry note in second position with the probate office, and that note repays us $46,125 — the $45,000 plus the $1,125 fee — keeping the investor’s own capital free.
Apply
Submit your purchase contract and seller-financing terms online; we coordinate the carry-back recording directly with your Alabama closing attorney.
Frequently Asked Questions
Who records the second-position note in an Alabama Stack deal? +
In Alabama your closing attorney handles it. Because Alabama requires attorney-supervised closings, the same attorney who conducts settlement records the seller-carry note in second position with the county probate office. We need written confirmation from that attorney that the note will be recorded as agreed before we fund. Alabama wet-funds at the table, so disbursement and the repayment mechanics resolve same-day rather than waiting on recording — though the note itself records into the public record afterward.
When does Stack make sense on an Alabama deal? +
Stack fits creative-finance deals where a seller agrees to carry back a note covering the down payment, but the title attorney still needs real funds in escrow to close. Common in Birmingham and Huntsville subject-to and seller-finance deals on properties with equity. We provide the cash at the table; the recorded carry-back note repays us plus a flat 2.5%. If the deal has a big assignment fee instead, Echo is usually the better fit.
How fast can Stack fund in Alabama? +
From a complete file — purchase contract with seller-financing terms, a carry-back covering the down payment and closing costs, and an attorney ready to record the note — we're wire-ready in about 48 hours, same day for clean files before 11 AM Eastern. We wire to your Alabama closing attorney's trust account by 9 AM Eastern on closing day. A $40,000 Montgomery Stack carries a $1,000 fee.
Apply for Stack Funding in Alabama
Submit your application online — same-day decisions for complete files before 2 PM Eastern.