short sale

[Ayse K.]

I'm interesting to buy 2 family reo home in  Paterson. Listed as short sale . I would like to ask questions

I would like to offer owner occupant and rent other half (seller looking for owner occupant). The home need rehabilitation. If my offer accepted should I responsible previous lien, tax and mortgage or will pay the listed price and start fresh everything? which one?

Can I apply long term investment loan for this is there any opportunity long term finance and no prepay penalty?(long term and no prepay is because this will be my first investment and home I'm little bit afraid)

If renovate it home ; 2015 tax $7,935 current tax assessment is $187,400 will be change these numbers?

I'm awaiting your comments ....