If you start receiving spouse's benefits at age 62, your monthly benefit amount is reduced to about 32.5 percent of the amount your spouse would receive if their benefits started at full retirement age. 67 is 50 percent (the maximum benefit amount). Age To Receive Full Social Security Benefits.
If there are many foreclosure homes available at one time, a buyer's market may form, resulting in lower sale prices. In 2013, foreclosed California homes spent about 34 months or nearly three years in shadow inventory before they were sold, according to the Inman News real estate website.
In short, from the time the loan is put into the foreclosure department it takes roughly (Warning: Emphasis on âroughlyâ.) about five weeks until a sale. The process can go quicker. Contact our Merna Law as soon as you receive a foreclosure sale notification. At the foreclosure sale the property WILL SELL. Your property will either be sold to a third part or will revert back to the first mortgage lender for the amount owned on the loan.