Seller Finance and Wrap around mortgage

[La'Crystal Hicks]

My husband parents are downsizing and they're going to give us our first rental property. Now his parents still owe $85,000 on their home in Baltimore.  I've been listening to Chris Goff I learned about wrap around mortgage, but I'm still very confused about the entire thing. My credit is amazing, and our father isn't requiring us put a dp or anything. If anyone could explain the process to me I would great he's going to sign the contract by the end of the week