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.
Janine, Once your house goes to Sheriff's Sale (also referred to as the foreclosure auction) you have a 6 month redemption period. During that time, you are still the owner of the house and can continue to live there. Att the end of the redemption period you will be contacted by the bank to move out.If you have not moved out at the end of the six months, the bank will serve you with a notice of eviction. And your foreclosure will be complete.However, during your six month redemption, you still have the right to sell your house on a short sale.uring that time, you are still the owner of the house and can continue to live there. Att the end of the redemption period you will be contacted by the bank to move out. If you have not moved out at the end of the six months, the bank will serve you with a notice of eviction.