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 some states, a homeowner may not receive any notification of a non-judicial foreclosure until the sale is scheduled. In California, according to the Paladin Legal Advocacy Center, your lender must notify you within 10 days of filing a notice of default with the county recorder. The trustee can't schedule the sale until three months after the filing. The trustee must advertise the sale in the newspapers 20 days in advance, so it will be close to four months from the filing to the foreclosure auction.