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.
If you are looking to buy a home after foreclosure you have options! Millions of homeowners went through foreclosure over the last 5 years during the financial crisis. Now that values have bottomed and rates are still at historic lows, it couldn't be a better time to purchase a home after foreclosure.