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.
Foreclosure is the legal process which occurs when the borrower cannot pay his mortgage. The lender sells the property at auction to recover the monies owed on the property. Your first indication that the lender intends to auction the property is the Notice of Default.The Notice of Default serves as your official notice from the county that the lender is pursuing foreclosure. Approximately 90 days after you receive the Notice of Default, you will receive the auction notice.uction Notice. The auction notice, or Notice of Sale, is your final notice that the lender intends to sell the property at auction. The county prints the location, time and date of the trustee's auction on the Notice of Sale.