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 a non-judicial foreclosure, the lender simply files a notice of default with the county you live in and schedules a sale after a three-month waiting period. If your lender files for non-judicial foreclosure, it can auction off your house four months later, according to California's Maldonado and Markham law firm.In practice, however, the lender may take as long as seven months. A judicial foreclosure, on the other hand, can take a year or more to complete.nce your lender starts to foreclose on your home, you still have the option to live there for at least several months. If you've decided you can't pay off the mortgage, you can stop paying, wait until the house is sold to a new owner, then wait for that owner to tell you to move out.