Quick Answer
Quick Answer: Can You Sell Your Structured Settlements in Detroit?
Yes. Detroit residents can sell some or all of their future structured settlement payments for a lump sum of cash. A Michigan judge reviews every sale under Mich. Comp. Laws § 691.1301 et seq., transfers typically complete in about 60 days, and quotes are free with no obligation.
Why Sell Your Structured Settlement in Detroit?
Borrowing is expensive in every direction: payday loans, cards, and personal loans all charge interest that compounds against you. Selling settlement payments you already own works differently. You exchange specific future dollars for present ones at a discount rate disclosed in writing before you sign, with no loan, no repayment, and no default risk. For many Wayne County sellers, that comparison is the whole decision.
Michigan formalized the process in Mich. Comp. Laws § 691.1301. Every transfer needs approval from a circuit court judge, who reviews the deal and must find it in your best interest. In Detroit, that duty falls to the Third Judicial Circuit.
The timeline runs about 60 days start to finish. Interested parties receive 20 days advance notice of the hearing, you complete independent professional advice before appearing, and the statute requires the rate, net amount, and fees in writing before any approval.
Sellers put the money toward medical care, home purchases and repairs, debt payoff, and business capital. Each transfer through this site is funded and completed by Genex Capital once the judge signs the order. Walk through each step here.
Simple, Transparent Process
Your written quote spells out exactly which payments you are selling, the purchase price, and the discount rate. No surprises at any step, and you owe nothing if the court does not approve.
Tell Us About Your Structured Settlements
Share your structured settlement details. It takes less than 2 minutes.
Get Your Written Quote
Your quote states the payments, price, and discount rate in writing. Sign by DocuSign or notary at no charge, and the Michigan court filing is handled for you.
Get Your Lump Sum
Accept the best offer, complete the Michigan court approval process, and receive your cash.
Michigan Structured Settlement Protection Act
Under Mich. Comp. Laws § 691.1301 et seq., the following requirements apply to structured settlement transfers in Michigan:
Court Approval
Court approval is required for all structured settlement transfers in Michigan. The court must find the transfer is in your best interest under Mich. Comp. Laws § 691.1301 et seq.
Waiting Period
20 days advance notice to all interested parties
Independent Professional Advice
Independent professional advice is required before the court hearing
Key Provisions
Michigan requires full disclosure of the discount rate, net advance amount, and all fees before court approval.
Regulatory Notes
Michigan courts process structured settlement transfers under Mich. Comp. Laws § 691.1301 et seq. Court approval typically takes 60 days.
Consumer Protection: If you have questions about your rights under Michigan's SSPA, contact the Michigan Attorney General - Consumer Protection Division.
Sell My Structured Settlement Cash guides you through every step of the Michigan court approval process at no cost.
Where Your Transfer Is Filed in Detroit
Detroit petitions are filed in the Third Judicial Circuit Court of Michigan, the circuit court for Wayne County, with the Civil Division sitting in the Coleman A. Young Municipal Center, 2 Woodward Ave, Detroit, MI 48226. The assigned judge applies Mich. Comp. Laws § 691.1301 and may approve only after finding the transfer in your best interest, with the required written disclosures on file, 20 days advance notice given to all interested parties, and your independent professional advice completed. Hearings tend to be brief and direct. Come prepared to explain what you are selling, why, and how the money will be used.
Third Judicial Circuit Court of Michigan (Wayne County Circuit Court)
Coleman A. Young Municipal Center
2 Woodward Ave, Detroit, MI 48226
Official court websiteWhy Detroit Residents Choose Sell My Structured Settlement Cash
Court-Approved Process
Every transfer is reviewed by a judge for your protection, and the filing work is handled for you.
No-Surprise Net Price
The quote you accept is the amount you receive. Transfer legal costs are covered, not deducted later.
Competitive Offers
Strong pricing on your payments, and a legitimate higher written offer will be matched before closing.
No Pressure, Ever
Straight answers and patient support. Take the time you need - the decision is always yours.
Other Payments You Can Sell in Detroit
Detroit Structured Settlement Market
Metro Detroit spans 3,773,725 people with a median household income of $37,761. The median home value of $66,700 changes what a lump sum can do here: in many cases one transfer can purchase a house outright or clear a mortgage entirely, and 48.8 percent of households already own. Few markets let settlement money go that far.
| Metro Population | 3,773,725 |
| County | Wayne |
| Median Home Value | $66,700 |
| Median Household Income | $37,761 |
| Homeownership Rate | 48.8% |
Serving Your Area
Find us at 500 Griswold St #2966, Detroit, MI 48226. We work with sellers throughout Detroit and Wayne County in person, and cover the rest of the state by phone and video, from the Upper Peninsula to the Ohio line.
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Selling Structured Settlements in Detroit - FAQ
How do I sell my structured settlement in Detroit?
The process has four moves. A free quote comes first, with the discount rate disclosed in writing. Next you sign electronically through DocuSign or with a notary at no charge. The partner legal team then files your petition in the Wayne County circuit court, and once the judge approves, funding follows in about 3 business days.
How long does Michigan court approval take?
Roughly 60 days from your signature to money in the bank. Michigan mandates 20 days advance notice to all interested parties before a hearing, and independent professional advice must be finished first as well. Those statutory clocks, plus the court's civil calendar, account for nearly all of the wait.
Where will my Detroit hearing happen?
In the Coleman A. Young Municipal Center at 2 Woodward Ave, home to the Civil Division of the Third Judicial Circuit. Your appearance will be short. The judge verifies the disclosures, confirms you received independent advice, and asks why the sale makes sense for you before deciding.
What happens if the judge denies my transfer?
You lose nothing. Your payments continue exactly as scheduled, you owe no fees, and the denial carries no penalty. Judges usually explain their concern, most often the amount being sold or the documentation of need, and many sellers adjust the transfer and refile successfully. A no is frequently a request to restructure, not a permanent answer.
What Our Clients Say
Hear from real customers who sold their payments to buy homes, start businesses, pay for education, and meet medical costs.
Structured Settlements
The quote showed the exact discount rate in writing before I signed anything. Nobody pressured me and the number they quoted is the number that arrived.
Michael R.
Structured Settlements
The court approval process seemed overwhelming until they walked me through every step. No surprises, no hidden fees.
Jennifer L.
Structured Settlements
I needed cash for medical bills. I had a written offer within a day and the whole process was transparent and professional.
David W.