Subject-To vs Wrap Around Mortgage: HELP

[Daniel Mendez]

Good evening BP,

Can someone help me clarify what is the difference between a Subject-To vs a Wrap around mortgage? 

I've definitely done my share of research but I am trying to see if everyone has the same definition of what the difference is. 

Also, can you provide an example of when to do a Subject-To vs a Wrap Around mortgage? 

Thanks In advance!