Seller Financing with an existing mortgage (Wrap Mortgage)?

[Cody Sizemore]

I have a property that I am interesting in purchasing, and I have a good relationship with the sellers. I'm considering doing seller financing due to the higher interest rates right now, but they currently have an existing mortgage on it. 

Property sale price is $100k, mortgage is about $60k. How can I legally purchase the house using seller financing, or a wrap around mortgage and set it up so that I come out with the best case scenario? 

[Cody Sizemore]

@Joe Homs the property is practically move in ready, probably worth $130k too, which is awesome. I haven't discussed with them about them willing to finance, but knowing them, I could absolutely see them being open to it. 

Would you be comfortable with hopping on a very brief phone call? I would sincerely appreciate 10 mins of your time to pick your brain on this and ensure I go about this the right way, since this is my first creative financing deal. Thank you!