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	<title>Resource Blog</title>
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	<description>Bay Area Real Estate Education, Info and News</description>
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		<title>Resource Blog</title>
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		<title>Bay Area Resource Distressed Homeowner Educational Forum Event Tomorrow In San Francisco</title>
		<link>http://bayarearesource.wordpress.com/2012/01/27/bay-area-resource-distressed-homeowner-educational-forum-event-tomorrow-in-san-francisco/</link>
		<comments>http://bayarearesource.wordpress.com/2012/01/27/bay-area-resource-distressed-homeowner-educational-forum-event-tomorrow-in-san-francisco/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 17:39:06 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Foreclosure]]></category>
		<category><![CDATA[Loan Modifications]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[San Francisco]]></category>
		<category><![CDATA[Bay Area]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[HARP]]></category>
		<category><![CDATA[homeowners]]></category>
		<category><![CDATA[Leland Yee]]></category>
		<category><![CDATA[loan mods]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[short sales]]></category>

		<guid isPermaLink="false">http://bayarearesource.wordpress.com/?p=889</guid>
		<description><![CDATA[Just a quick reminder or in case you hadn&#8217;t heard the BayAreaResource distressed homeowner educational forum event is tomorrow January 28, 2012 12-3 pm. For last minute registration click here. We listed some of the topics to be discussed: The &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/27/bay-area-resource-distressed-homeowner-educational-forum-event-tomorrow-in-san-francisco/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=889&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<div>
<p><a href="http://bayarearesource.files.wordpress.com/2012/01/bar-logo-larger-docx1.jpg"><img class="alignleft size-full wp-image-892" title="BAR logo larger.docx" src="http://bayarearesource.files.wordpress.com/2012/01/bar-logo-larger-docx1.jpg?w=500" alt=""   /></a>Just a quick reminder or in case you hadn&#8217;t heard the BayAreaResource distressed homeowner educational forum event is tomorrow January 28, 2012 12-3 pm. <a href="http://events.constantcontact.com/register/event?llr=d8i66meab&amp;oeidk=a07e5hjeack74c3244f">For last minute registration click here</a>.</p>
<p>We listed some of the topics to be discussed:</p>
<p>The panel shall be divided into two main sections:</p>
<p>1-options to keep your home</p>
<p>2-options to exit your home with the least amount of financial burden</p>
<p>Section A</p>
<p>Keep your home</p>
<p>1- reinstatement<br />
2- refinance (with new HARP guidelines)<br />
3- kill your 2nd</p>
<p>INTRODUCTION BY <a href="http://dist08.casen.govoffice.com/">SENATOR LELAND YEE</a></p>
<p>Section B</p>
<p>Loss mitigation</p>
<p>4-Forbearance<br />
5 -Repayment plan<br />
6- Loan mod<br />
7-Tax consequences of loan mod<br />
8-Bankruptcy chapter 13</p>
<p>Section C</p>
<p>Options to Sell</p>
<p>9 – Conventional sale (not underwater but behind in payments)<br />
10- Short sale<br />
11 – Possible tax consequences of short sale<br />
12- Deed in lieu<br />
13- Bankruptcy Chap 7<br />
14 – Foreclosure</p>
</div>
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			<media:title type="html">ladyrock</media:title>
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		<title>Foreclosure Review Scam Warning</title>
		<link>http://bayarearesource.wordpress.com/2012/01/26/foreclosure-review-scam-warning/</link>
		<comments>http://bayarearesource.wordpress.com/2012/01/26/foreclosure-review-scam-warning/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 17:18:43 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Loan Modifications]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[homeowners]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[treasury department]]></category>

		<guid isPermaLink="false">http://bayarearesource.wordpress.com/?p=880</guid>
		<description><![CDATA[We could see these scam artists from a mile away. We reported a few weeks ago about the independent foreclosure reviews as part of the mandate to major mortgage servicers. These reviews come from the Office of the Comptroller of &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/26/foreclosure-review-scam-warning/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=880&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://bayarearesource.files.wordpress.com/2012/01/office-of-the-comptroller-of-the-currency.jpg"><img class="alignleft size-medium wp-image-882" title="office-of-the-comptroller-of-the-currency" src="http://bayarearesource.files.wordpress.com/2012/01/office-of-the-comptroller-of-the-currency.jpg?w=300&#038;h=166" alt="" width="300" height="166" /></a>We could see these scam artists from a mile away. We reported a few weeks ago about the <a href="http://wp.me/pBzDn-cj">independent foreclosure reviews</a> as part of the mandate to major mortgage servicers. These reviews come from the <a href="http://www.occ.treas.gov/">Office of the Comptroller of the Currency</a> (OCC) and the Federal Reserve.</p>
<p>Not long after, we learned about several independent review scams.</p>
<p>These independent foreclosure reviews started in November. Eligible borrowers should have received a letter by the end of 2011 detailing the process.</p>
<p>Unfortunately, scam artists have also contacted consumers and offered to conduct an “independent foreclosure home loan review” or a “securitization review” for a fee. Like the loan mod scams of a few years ago, beware of anyone who wants payment to assist with an independent foreclosure review or any other foreclosure prevention program.</p>
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			<media:title type="html">ladyrock</media:title>
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		<title>Loan Modifications Down &#8211; And What Bank Has The Highest Number Of Redefaults?</title>
		<link>http://bayarearesource.wordpress.com/2012/01/25/loan-modifications-down-and-what-bank-has-the-highest-number-of-redefaults/</link>
		<comments>http://bayarearesource.wordpress.com/2012/01/25/loan-modifications-down-and-what-bank-has-the-highest-number-of-redefaults/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 17:46:46 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Loan Modifications]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[short sales]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[homeowners]]></category>
		<category><![CDATA[loan mod]]></category>
		<category><![CDATA[loan mods]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[Ocwen]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://bayarearesource.wordpress.com/?p=872</guid>
		<description><![CDATA[Did someone mention loan mods? That is so 2010. Are banks actually doing loan modifications? Hardly. Moody’s Investors Service just reported that servicers have worked through most of their delinquencies and modifications continue to decline. Last year sevicers quickly ditched &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/25/loan-modifications-down-and-what-bank-has-the-highest-number-of-redefaults/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=872&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://bayarearesource.files.wordpress.com/2012/01/loan-modificaton.jpg"><img class="alignleft size-medium wp-image-873" title="Loan-Modificaton" src="http://bayarearesource.files.wordpress.com/2012/01/loan-modificaton.jpg?w=300&#038;h=200" alt="" width="300" height="200" /></a>Did someone mention loan mods? That is so 2010.</p>
<p>Are banks actually doing loan modifications? Hardly. Moody’s Investors Service just reported that servicers have worked through most of their delinquencies and modifications continue to decline. Last year sevicers quickly ditched many of the loan mod strategy for loss mitigation alternatives like short sales and now quickly gaining momentum the deed-in- lieu’s</p>
<p>Moody’s calculated a decline in “Total Cure and Cash Flowing,” measuring successful loss mitigation efforts in the third quarter. We actually think the term “cure” offers some deeper thought. These bank “cures” normally lead to a bank getting two things from the homeowner 1- money 2- information. Only a small percentage of homeowners get a “cure” for their ailments.</p>
<p>Are we surprised that Citi, GMAC, and Chase experienced the greatest decreases in cures?</p>
<p>For subprime loans, Ocwen posted the highest cure rate – 44 percent. The high cure rate at Ocwen is linked to high numbers of modifications relative to other banks.</p>
<p>Moody’s notes that the high cure rate includes “a significant number of re-modifications,” which occur when an initial modification fails. These re-modifications may be one of the most under-publicized occurrences. Many homeowners who qualified for initial loan mods ended up filling the banks coffers while not solving their own issues. It’s just a way for the banks to garner a few additional payments from an owner that shouldn’t be in loan mod in the first place.</p>
<p>Ocwen saw re-defaults among 54.5 percent of its subprime modifications, the highest rate among the banks. Bank of America came in a close second with a 50.5 percent re-default rate on modifications of subprime loans.</p>
<p>B of A also kept at the top of the pack as it posted the highest rate of re-defaults of ALT-A loans (42.3 percent) and the second-highest re-default rate for jumbo loans (35 percent).</p>
<p>Consistent with its high re-default rate, Ocwen ranked highest for re-modifications of subprime loans. Ocwen’s re-modification rate for the third quarter stood at an astounding 24.8 percent. Wells had the second-highest re-modification rate at 6.8 percent.</p>
<p>Consider that the high re-default and re-modification rates at Ocwen may be caused by: 1- Ocwen’s process in evaluating borrowers for a modification, 2- Ocwen simply wants to extract a little more of the homeowners&#8217; money before they re-default.</p>
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			<media:title type="html">ladyrock</media:title>
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		<title>Is Keep Your Home California Program An &#8220;Absolute Failure&#8221;?</title>
		<link>http://bayarearesource.wordpress.com/2012/01/24/is-keep-your-home-california-program-an-absolute-failure/</link>
		<comments>http://bayarearesource.wordpress.com/2012/01/24/is-keep-your-home-california-program-an-absolute-failure/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 17:29:41 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[California]]></category>
		<category><![CDATA[Mortgages]]></category>

		<guid isPermaLink="false">http://bayarearesource.wordpress.com/?p=864</guid>
		<description><![CDATA[It’s like the 60s all over again minus the tie-dye. It seems as though protesting financial intuitions (banks) has become de rigueur for groups like Occupy and NACA. A few days ago about 30 homeowners and housing advocates protested at &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/24/is-keep-your-home-california-program-an-absolute-failure/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=864&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>It’s like the 60s all over again minus the <a href="https://www.google.com/search?q=tie-dye&amp;hl=en&amp;client=firefox-a&amp;hs=w9Z&amp;rls=org.mozilla:en-US:official&amp;prmd=imvns&amp;tbm=isch&amp;tbo=u&amp;source=univ&amp;sa=X&amp;ei=mEMeT53TOqnZiQKSwqX2Cw&amp;ved=0CEUQsAQ&amp;biw=1366&amp;bih=590">tie-dye</a>. It seems as though protesting financial intuitions (banks) has become<a href="http://www.urbandictionary.com/define.php?term=de%20rigueur"> de rigueur</a> for groups like <a href="http://occupywallst.org/">Occupy</a> and NACA. A few days ago about 30 homeowners and housing advocates protested at the California Housing Finance Agency claiming that the state agency isn’t doing enough.</p>
<p><a href="http://bayarearesource.files.wordpress.com/2012/01/keep-your-home-ca.jpg"><img class="alignleft size-full wp-image-865" title="keep your home ca" src="http://bayarearesource.files.wordpress.com/2012/01/keep-your-home-ca.jpg?w=500" alt=""   /></a>The protesters shouted that the <a href="http://keepyourhomecalifornia.org/">Keep Your Home California</a> program has been an “absolute failure” and from what we hear from some of the Bay Area housing counselors who we deal with that the statement offers some degree of truth.</p>
<p>The CalHFA administers the $2 billion Keep Your Home California program, which uses federal stimulus money to help distressed homeowners</p>
<p>The program offers as much as $3,000 a month to homeowners who have lost their jobs, up to $15,000 to those falling behind on their mortgages, and up to $5,000 in relocation assistance for people who lose their homes.</p>
<p>We’ve heard from many people that the program fails to reach enough people.</p>
<p>However the program info claims that since its launch last year, Keep Your Home California has assisted 11,000 homeowners and has committed about $220 million.</p>
<p>Do you now anyone who has befitted by this program? Let us know.</p>
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			<media:title type="html">ladyrock</media:title>
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			<media:title type="html">keep your home ca</media:title>
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		<title>HOA Clarification For California SB 150</title>
		<link>http://bayarearesource.wordpress.com/2012/01/23/hoa-clarification-for-california-sb-150/</link>
		<comments>http://bayarearesource.wordpress.com/2012/01/23/hoa-clarification-for-california-sb-150/#comments</comments>
		<pubDate>Mon, 23 Jan 2012 17:02:16 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[California]]></category>
		<category><![CDATA[California SB 150]]></category>
		<category><![CDATA[Davis-Stirling Act]]></category>
		<category><![CDATA[first time home buyers]]></category>
		<category><![CDATA[HOA]]></category>
		<category><![CDATA[homeowners]]></category>

		<guid isPermaLink="false">http://bayarearesource.wordpress.com/?p=856</guid>
		<description><![CDATA[Another year, another new law (for those of us in California). Come January 1, 2012 the new California SB 150, a bill which amends Sections 1368 and 1373 of the Davis-Stirling Act came into effect. It adds a new Civil &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/23/hoa-clarification-for-california-sb-150/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=856&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://bayarearesource.files.wordpress.com/2012/01/news-effective-jan4-e1321484475734.jpg"><img class="alignleft size-medium wp-image-858" title="news-effective-jan4-e1321484475734" src="http://bayarearesource.files.wordpress.com/2012/01/news-effective-jan4-e1321484475734.jpg?w=300&#038;h=163" alt="" width="300" height="163" /></a>Another year, another new law (for those of us in California). Come January 1, 2012 the new <a href="http://www.leginfo.ca.gov/pub/11-12/bill/sen/sb_0101-0150/sb_150_cfa_20110614_082052_asm_comm.html">California SB 150</a>, a bill which amends Sections 1368 and 1373 of the Davis-Stirling Act came into effect. It adds a new Civil Code Section to the Act affecting certain rental restriction provisions in CC&amp;Rs. Several people have mentioned confusion over this new law.</p>
<p>We asked one of our top notch local real estate attorneys <a href="http://www.demartiniwalker.com/schaefer/">Barrett Schaffer</a> for an explanation of the new law. We asked him, “Can a HOA restrict or set a cap on the number or percentage of units that may be leased at any one time?”</p>
<p>He answered, “No, unless all the owners in the HOA consent.  Any owner who consents is bound by it.  Heirs and new buyers are not necessarily bound by any such all-owner consent.” With these large HOA complexes it’s not likely that ALL owners will consent.</p>
<p>Barrett made a good point that we have to look at who&#8217;s behind SB 150, so it&#8217;s easier to understand the reasoning behind it and what the rule says.  Apparently CAR lobbied for the law because they did not want HOAs to restrict how many renters could live at a particular Association.  CAR saw that as limiting the number of buyers, since without the law investor buyers would likely be more restricted in terms of the properties they could buy.</p>
<p>The law may affect the ability to banks to lend on a property. Some banks will not loan on condos with a high percentage of renters. Perhaps that thinking will change with this new law.</p>
<p>So the law does not prevent an HOA from making rules relating to tenancies themselves (present or future); it is more limited to the threshold issue of whether an HOA can limit the number of tenancies in the first place.</p>
<p>W-HOA is that good info or what?</p>
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			<media:title type="html">ladyrock</media:title>
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			<media:title type="html">news-effective-jan4-e1321484475734</media:title>
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		<title>Foreclosure Starts Decline In California</title>
		<link>http://bayarearesource.wordpress.com/2012/01/20/foreclosure-starts-decline-in-california/</link>
		<comments>http://bayarearesource.wordpress.com/2012/01/20/foreclosure-starts-decline-in-california/#comments</comments>
		<pubDate>Fri, 20 Jan 2012 18:46:39 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[Foreclosure]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[market trends]]></category>

		<guid isPermaLink="false">http://bayarearesource.wordpress.com/?p=849</guid>
		<description><![CDATA[Just when we think we have this whole foreclosure thing figured out, the number s come and throw us an old Barry Zito curve ball. Foreclosure Radar reported that December’s foreclosure timeline in California fell to 250 days, a 16.9 &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/20/foreclosure-starts-decline-in-california/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=849&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://bayarearesource.files.wordpress.com/2012/01/foreclosure8.jpg"><img class="alignleft size-medium wp-image-850" title="foreclosure8" src="http://bayarearesource.files.wordpress.com/2012/01/foreclosure8.jpg?w=300&#038;h=200" alt="" width="300" height="200" /></a>Just when we think we have this whole foreclosure thing figured out, the number s come and throw us an old <a href="http://en.wikipedia.org/wiki/Barry_Zito">Barry Zito</a> curve ball. Foreclosure Radar reported that December’s foreclosure timeline in California fell to 250 days, a 16.9 percent drop from November.</p>
<p>Foreclosure timelines declined overall, which California-based Foreclosure Radar found “surprising.&#8221;<br />
With a 30.6 percent drop, California posted the greatest decline in foreclosure starts in December. Arizona followed with a 24.2 percent decline.</p>
<p>ForeclosureRadar reported a 45.8 percent rise in foreclosure cancellations in December, which it attributes to the closing of a trustee sale location in Norwalk.</p>
<p>We also find the foreclosure timeline info curious. Don’t the banks continue to state that they will find alternatives to foreclosures? Numbers don&#8217;t lie but perhaps others do.</p>
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			<media:title type="html">ladyrock</media:title>
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		<title>How To Value A Property Or Not &#8211; Short Sale 101</title>
		<link>http://bayarearesource.wordpress.com/2012/01/19/how-to-value-a-property-or-not-short-sale-101/</link>
		<comments>http://bayarearesource.wordpress.com/2012/01/19/how-to-value-a-property-or-not-short-sale-101/#comments</comments>
		<pubDate>Thu, 19 Jan 2012 17:26:32 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[short sales]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[homeowner]]></category>
		<category><![CDATA[homeowners]]></category>
		<category><![CDATA[market trends]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://bayarearesource.wordpress.com/?p=842</guid>
		<description><![CDATA[When does a seller wish their property to be worth LESS? It’s sort of a trick question but not really. We’ve been privy to some recent short sales transactions where the bank (in this case Wells Fargo) claims the value &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/19/how-to-value-a-property-or-not-short-sale-101/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=842&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://bayarearesource.files.wordpress.com/2012/01/bank.jpg"><img class="alignleft size-medium wp-image-843" title="Bank" src="http://bayarearesource.files.wordpress.com/2012/01/bank.jpg?w=300&#038;h=291" alt="" width="300" height="291" /></a>When does a seller wish their property to be worth LESS? It’s sort of a trick question but not really. We’ve been privy to some recent short sales transactions where the bank (in this case Wells Fargo) claims the value of a property to be one amount and the seller and real estate agent claim a value much lower.</p>
<p>For some time, we’ve heard that banks have issues with valuation. No big surprise. They continually think that there REO or their Short Sale properties have a value significantly higher than reality.</p>
<p>In these recent cases, the people at the Wells Fargo short sale escalation department have  only allowed the agents to challenge the value using only regular sales. The agent can’t use any REOs or Short Sales to determine value. Anyone can skew value. Say we created a BPO for a condo in Las Vegas. We could certainly find 3-6 regular sales in an area and ignore the values for the 94 REOs and Short Sales. This exact logic that Wells Fargo, Freddie, Fannie and other big banks continue to use represents just another segment of how the system is broken.</p>
<p>If we read through the banks’ valuation guidelines perhaps we would see “cherry picking” alongside “obtuse thinking” within the text.</p>
<p>If the banks and investors continue this idiocy then the distressed property situation for homeowners will only get worse not better.</p>
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			<media:title type="html">ladyrock</media:title>
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			<media:title type="html">Bank</media:title>
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		<title>Experience With Private Student Loans</title>
		<link>http://bayarearesource.wordpress.com/2012/01/18/experience-with-private-student-loans/</link>
		<comments>http://bayarearesource.wordpress.com/2012/01/18/experience-with-private-student-loans/#comments</comments>
		<pubDate>Wed, 18 Jan 2012 17:43:20 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[Web Sites]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[student loans]]></category>

		<guid isPermaLink="false">http://bayarearesource.wordpress.com/?p=832</guid>
		<description><![CDATA[They say that you can’t afford not to get a college education. In this economy with people remaining in school or returning to school, the need for student loans continues to increase.  So does the debt. Some students end up &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/18/experience-with-private-student-loans/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=832&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://bayarearesource.files.wordpress.com/2012/01/student-loans.jpg"><img class="alignleft size-full wp-image-835" title="student-loans" src="http://bayarearesource.files.wordpress.com/2012/01/student-loans.jpg?w=500" alt=""   /></a>They say that you can’t afford not to get a college education. In this economy with people remaining in school or returning to school, the need for student loans continues to increase.  So does the debt. Some students end up burying themselves in debt even before they have a chance to balance the ledger.</p>
<p>We got word of a <a href="http://www.consumerfinance.gov/students/knowbeforeyouowe/">Know Before You Owe</a> student loans project, as well as the Student Debt Repayment Assistant created by the Consumer Financial Protection Bureau.</p>
<p>The same organization seeks info from anyone who ever borrowed a private student loan, and they want student loan borrowers to tell them more about whether this market did or did not work. Why did you take out a private loan? How did you decide to do it? Did it affect your study or career choices?</p>
<p>Interested to share your thoughts? Go to <a href="http://www.consumerfinance.gov/students/your-experience-with-private-student-loans/">http://www.consumerfinance.gov/students/your-experience-with-private-student-loans/</a></p>
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			<media:title type="html">ladyrock</media:title>
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		<title>Bank Of America Cutting Commissions?</title>
		<link>http://bayarearesource.wordpress.com/2012/01/13/bank-of-america-cutting-commissions/</link>
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		<pubDate>Fri, 13 Jan 2012 17:00:11 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
				<category><![CDATA[Banks]]></category>
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		<category><![CDATA[short sales]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[banks]]></category>
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		<description><![CDATA[In the continuing struggle for anyone to accomplish a short sale (we hear that about 70 percent of short sales fail), we recently heard from several Northern California short sale agents that Bank of America began cutting commissions to 5 &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/13/bank-of-america-cutting-commissions/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=827&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://bayarearesource.files.wordpress.com/2012/01/bofa-logo-bank-of-america.jpg"><img class="alignleft size-full wp-image-829" title="bofa-logo-bank-of-america" src="http://bayarearesource.files.wordpress.com/2012/01/bofa-logo-bank-of-america.jpg?w=500&#038;h=242" alt="" width="500" height="242" /></a>In the continuing struggle for anyone to accomplish a short sale (we hear that about 70 percent of short sales fail), we recently heard from several Northern California short sale agents that Bank of America began cutting commissions to 5 percent on most of their deals.</p>
<p>This new commission cutting seems against “guidelines” considering that we saw a top Bank of America VP speak to an auditorium full of real estate agents in San Francisco that Bank of America remains committed to a fair and equitable system of compensation for the work done by real estate agents in the short sale process.  The B of A VP mentioned that the percentage amount may be based on investor and/or mortgage insurance guidelines, gross offer amount, and other factors.</p>
<p>With no specific investor guidance, Bank of America claims they typically pay a 6 percent commission with a $3,000 minimum on the majority of short sale transactions, scaling to a minimum of 5 percent on transactions exceeding $1 million.</p>
<p>Why should this commission cutting matter to anyone expect agents? Homeowners who need to short sale will find that the few short sale agents who know how to structure a short sale will find less incentive to battle the banks on their behalf if they see the banks automatically cutting the commission. If servicers such as B of A claim the cut is result of “investor guidelines” then either the servicers need do a better job of going to bat for the agents (not likely) or the agents will have to show their value directly to the investor.</p>
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		<title>Who We Are: A Look at Our Political Futures Through the Lenses of the Past</title>
		<link>http://bayarearesource.wordpress.com/2012/01/12/who-we-are-a-look-at-our-political-futures-through-the-lenses-of-the-past/</link>
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		<pubDate>Thu, 12 Jan 2012 01:02:17 +0000</pubDate>
		<dc:creator>ladyrock</dc:creator>
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		<description><![CDATA[Each Wednesday Bay Area Resource Collective will post an article&#8211;or write one of its own&#8211;that attempts to examine who we are politically, taking into consideration our history so that we may make better decisions personally, socially, and historically. Today, we &#8230; <a href="http://bayarearesource.wordpress.com/2012/01/12/who-we-are-a-look-at-our-political-futures-through-the-lenses-of-the-past/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=bayarearesource.wordpress.com&amp;blog=8955117&amp;post=819&amp;subd=bayarearesource&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Each Wednesday Bay Area Resource Collective will post an article&#8211;or write one of its own&#8211;that attempts to examine who we are politically, taking into consideration our history so that we may make better decisions personally, socially, and historically. Today, we read Mark Lilla&#8217;s review of Cory Robin&#8217;s book, <em>The Reactionary Mind: Conservatism from Edmund Burke to Sarah Palin</em> (Oxford University Press, 290 pp., $29.95)</p>
<p>Mark Lilla:</p>
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<p>In 2004, then Senator Barack Obama brought the Democratic Party convention to its feet by declaring that there is “not a liberal America and a conservative America—there’s the United States of America.” He learned differently. As Princeton historian Sean Wilentz wrote recently in <em>The New Republic</em>, the American fantasy of a postpartisan politics runs back to the earliest days of the republic.<sup><a href="http://www.nybooks.com/articles/archives/2012/jan/12/republicans-revolution/?pagination=false#fn-1">1</a></sup> Politicians who exploited it for their own purposes did well; those who genuinely believed in it failed. And it’s a good thing, too. Modern democracy depends on distinctions among factions, principles, and programs, the clearer the better.</p>
<p>But the current public dissatisfaction with our parties is not just about partisanship. It also reflects a sense that the labels we use to distinguish factions, principles, and programs have lost their value. What does it <em>mean</em> to call oneself a liberal or conservative today? Does it make sense to distinguish “progressives” and “reactionaries,” or are those just terms of abuse and self-flattery? It’s hard to know how to talk about the new classes of rich and poor created by the global economy, and their strangely overlapping political commitments. Or where on the linguistic map to put the new populisms spawning around the world, some anti-global, some anti-immigrant, some libertarian, some authoritarian. Words are failing us.</p>
<p>Though it sounds dull, we actually need taxonomy. It is what renders the political present legible to us. Getting it right, though, requires a certain art, a kind of dispassionate alertness and historical perspective, a sense of the moment, and a sense that this, too, shall pass. Political scientists, intent on aping the methods of the hard sciences, stopped cultivating this art half a century ago, just as things started getting interesting, as new kinds of political movements and coalitions were developing in democratic societies. We’re in a similar moment now; we need a guide. That’s why Corey Robin’s <em>The Reactionary Mind</em> is a useful book to have—not as an example to follow, but one to avoid.</p>
<div>Robin, who teaches political science at Brooklyn College, has been writing thoughtful essays on the American right for <em>The</em> <em>Nation</em> and other publications over the past decade. <em>The Reactionary Mind</em> collects profiles of well-known right-wing thinkers like Ayn Rand, Barry Goldwater, and Justice Antonin Scalia, and some deserters who turned left, like John Gray and Edward Luttwak. There are also a few that look beyond our borders, including an excellent piece on Hobbes as a counterrevolutionary thinker. But the book aims to be more than a collection. It is conceived as a major statement on conservatism and reaction, from the eighteenth century to the present. And this is where it disappoints.</div>
<p>The problems begin in the opening paragraphs, where Robin lays out his general picture of political history. It is not overly complex:</p>
<blockquote><p>Since the modern era began, men and women in subordinate positions have marched against their superiors in the state, church, workplace, and other hierarchical institutions. They have gathered under different banners—the labor movement, feminism, abolition, socialism—and shouted different slogans: freedom, equality, rights, democracy, revolution. In virtually every instance, their superiors have resisted them, violently and nonviolently, legally and illegally, overtly and covertly…. Despite the very real differences between them, workers in a factory are like secretaries in an office, peasants on a manor, slaves on a plantation—even wives in a marriage—in that they live and labor in conditions of unequal power.</p></blockquote>
<p>This is history as <acronym>WPA</acronym> mural, and will be familiar to anyone who lived through the Thirties, remembers the Sixties, or was made to read historians like Howard Zinn, Arno Mayer, E.P. Thompson, Eric Hobsbawm, and Christopher Hill at school. In their tableau, history’s <em>damnés de la terre</em> are brought together into a single heroic image of suffering and resistance. Their hats are white, immaculately so. Off in the distance are what appear to be black-hatted villains, though their features are difficult to make out. Sometimes they have little identification tags like those the personified vices wear in medieval frescoes—”capital,” “men,” “whites,” “the state,” “the old regime”—but we get no idea what they are after or what their stories are. Not that it matters. To understand the oppressed and side with them all you need to know is that there are oppressors.</p>
<p>What distinguishes Robin from the old-style left historians is that he’s genuinely interested in the right and wants to paint its portrait—though, again, he’s committed to keeping it simple. In fact, he thinks that much of our confusion about this subject stems from the fact that we have been taken in by conservative intellectuals who lay out benign-sounding political principles, and historians who accept them as defining different streams of right-wing thought and activity. Robin will have none of it. To his mind, the fundamental truth about the right is that it has always wanted one and only one thing: to keep down those who are already down. This is what unites Edmund Burke and Sarah Palin:</p>
<blockquote><p>Conservatism is the theoretical voice of this animus against the agency of the subordinate classes. It provides the most consistent and profound argument as to why the lower orders should not be allowed to exercise their independent will, why they should not be allowed to govern themselves or the polity. Submission is their first duty, agency, the prerogative of the elite.</p></blockquote>
<p>If you accept these claims, then you will have no trouble accepting what Robin says in the book’s most extraordinary paragraph:</p>
<blockquote><p>I use the words conservative, reactionary, and counterrevolutionary interchangeably: not all counterrevolutionaries are conservative…but all conservatives are, in one way or another, counterrevolutionary. I seat philosophers, statesmen, slaveholders, scribblers, Catholics, fascists, evangelicals, businessmen, racists, and hacks at the same table: Hobbes next to Hayek, Burke across from Palin, Nietzsche between Ayn Rand and Antonin Scalia, with Adams, Calhoun, Oakeshott, Ronald Reagan, Tocqueville, Theodore Roosevelt, Margaret Thatcher, Ernst Jünger, Carl Schmitt, Winston Churchill, Phyllis Schlafly, Richard Nixon, Irving Kristol, Francis Fukuyama, and George W. Bush interspersed throughout.</p></blockquote>
<p>Glenn Beck’s blackboard was never half this full.</p>
<p>Robin is a lumper, an <em>über</em>-lumper, which may please his beleaguered readers on the left, but makes his entire enterprise incoherent. He fails to see that it is based on a glaring fallacy of composition: he posits a class, isolates a characteristic of one of its members, and then ascribes that characteristic to every member of the class. Catholic reactionary Joseph de Maistre and George W. Bush are both on the right in Robin’s scheme; following his logic, since Maistre spoke flawless French, Bush must too. Which would be some national secret. Yet that’s exactly how Robin proceeds, until he has corralled everyone he doesn’t like into a pen and labeled them all conservatives and reactionaries and right-wingers, terms he fails to distinguish. (More on that in a moment.)</p>
<p>But if there’s anything we’ve learned over the past century, it is that <em>la destra è mobile</em>. The right used to be isolationist, then became internationalist, and to judge by recent Republican debates may be tiptoeing back to isolationism again. In the 1970s, if you thought that public schools were being used for social indoctrination, that power over them should be decentralized, and that children would be better off learning at home, that put you on the far left. Today those views put you on the right. Are we to think that these shifts were only about how best to keep power from the people?</p>
<p>And what about all the factionalism within the right? Isolationist paleoconservatives at magazines like <em>The American Conservative </em>hate “American greatness” neoconservatives at <em>The Weekly Standard</em> for their expansionist foreign policies and unconditional support of Israel, and the feeling is mutual. Theoconservatives at the journal <em>First Things</em> who resist gay marriage drive libertarians at the Cato Institute up the wall. There are serious and consequential disagreements on the right today over immigration, defense spending, the Wall Street bailouts, the tax code, state surveillance, and much else. Who wins those arguments could very well determine what this country looks like a generation from now. Robin registers none of this.</p>
<p>An opportunity has been missed. Robin is not wrong to think there are two tribes in modern politics, and the terms “right” and “left” are as good as any other to describe them. But within each tribe there are clans that do more than express more radical or moderate versions of the same outlook. Most of the turmoil in American politics recently is the result of changes in the clan structure of the right, with the decline of reality-based conservatives like William F. Buckley and George Will and the ascendancy of new populist reactionaries like Glenn Beck, Ann Coulter, and other Tea Party favorites. To understand why the distinction between them still matters, we need to remind ourselves what the terms “conservative” and “reactionary” originally meant.</p>
<p>“Liberal” and “conservative” first became labels for political tendencies in the aftermath of the French Revolution. Like all polemical terms their meaning and usage shifted around in partisan debate, but the philosophical distinction between them was settled by the mid-nineteenth century, thanks in large part to Edmund Burke. After the Revolution, Burke argued that what really separated its partisans and opponents were not atheism and faith, or democracy and aristocracy, or even equality and hierarchy, but instead two very different understandings of human nature. Burke believed that, since human beings are born into a functioning world populated by others, society is—to use a large word he wouldn’t—metaphysically prior to the individuals in it. The unit of political life is society, not individuals, who need to be seen as instances of the societies they inhabit.</p>
<p>What makes conservatives conservative are the implications they have drawn from Burke’s view of society. Conservatives have always seen society as a kind of inheritance we receive and are responsible for; we have obligations toward those who came before and to those who will come after, and these obligations take priority over our rights. Conservatives have also been inclined to assume, along with Burke, that this inheritance is best passed on implicitly through slow changes in custom and tradition, not through explicit political action. Conservatives loyal to Burke are not hostile to change, only to doctrines and principles that do violence to preexisting opinions and institutions, and open the door to despotism. This was the deepest basis of Burke’s critique of the French Revolution; it was not simply a defense of privilege.</p>
<p>Though philosophical liberalism traces its roots back to the Wars of Religion, the term “liberal” was not used as a partisan label until the Spanish constitutionalists took it over in the early nineteenth century. And it was only later, in its confrontation with conservatism, that liberalism achieved ideological clarity. Classical liberals like John Stuart Mill, in contrast to conservatives, give individuals priority over society, on anthropological as well as moral grounds. They assume that societies are genuinely constructs of human freedom, that whatever we inherit from them, they can always be unmade or remade through free human action. This assumption, more than any other, shapes the liberal temperament. It is what makes liberals suspicious of appeals to custom or tradition, given that they have so often been used to justify privilege and injustice. Liberals, like conservatives, recognize the need for constraints, but believe they must come from principles that transcend particular societies and customs. Principles are the only legitimate constraints on our freedom.</p>
<p>The quarrel between liberals and conservatives is essentially a quarrel over the nature of human beings and their relation to society. The quarrel between revolutionaries and reactionaries, on the other hand, has little to do with nature. It is a quarrel over history.</p>
<p>The term “reaction” migrated from the natural sciences into European political thought in the mid-eighteenth century, thanks to Montesquieu, who had picked it up from Newton. Originally, though, it was not associated with the concept of revolutions, which were then thought to be rare and unpredictable events, not part of some process of historical unfolding. That changed in 1789, when partisans of the French Revolution squared off against those who spoke openly of a Counter-Revolution that would set the world aright. The euphoria of rebellion, the collapse of the Old Regime, the Terror, and the subsequent rise of Napoleon gave history a secular eschatological charge, which destroyed many of the remaining moderates. For European radicals, the French Revolution was a cosmic epiphany that began an unstoppable process of collective human self-emancipation. For reactionaries, too, it was an apocalyptic event, signaling the end of a process that had placed Catholic Europe at the summit of world civilizations. One group saw a radiant future, the other saw nothing but the deluge. But revolutionaries and reactionaries did agree on one thing: that thinking seriously about politics means thinking about the course of history, not human nature.</p>
<p>There have always been two kinds of reactionaries, though, with different attitudes toward historical change. One type dreams of a return to some real or imaginary state of perfection that existed before a revolution. This can be any sort of revolution—political, religious, economic, or even aesthetic. French aristocrats who hoped to restore the Bourbon dynasty, Russian Old Believers who wanted to recover early Orthodox Christian rites, Pre-Raphaelite painters who rejected the conventions of Mannerism, Morrisites and Ruskinites who raged against the machine, all these were what you might call restorative reactionaries.</p>
<p>A second type—call them redemptive reactionaries—take for granted that the revolution is a fait accompli and that there is no going back. But they are not historical pessimists, or not entirely. They believe that the only sane response to an apocalypse is to provoke another, in hopes of starting over. Ever since the French Revolution reactionaries have seen themselves working toward counterrevolutions that would destroy the present state of affairs and transport the nation, or the faith, or the entire human race to some new Golden Age that would redeem aspects of the past without returning there.</p>
<p>This was the shared vision of Joseph de Maistre, the most bloody-minded of the French counterrevolutionaries, and twentieth-century European fascists. Fascists hated so many aspects of modern society—representative democracy, capitalism, cosmopolitanism, tolerance, bourgeois refinement—that we forget they were anything but nostalgic for Church and Crown. They had contempt for weak German aristocrats with their dueling scars and precious manners, and reserved their nostalgia for a new Rome to be brought into being through storms of steel. There was nothing conservative about them.</p>
<p>Americans’ assumptions about human nature are basically liberal today. We take it for granted that we are born free, that we constitute society, it doesn’t constitute us, and that together we legitimately govern ourselves. Most intellectuals who call themselves conservatives today accept as self-evident the truths enumerated in the Declaration of Independence, which no traditional European conservative could. Some of them have drawn from European conservatism when they write about the constructive role of civil society, the habits and mores needed to exercise liberty, and the limits of government action. But strictly speaking, they are go-slow, curb-your-enthusiasm liberals like Tocqueville, not conservatives like Burke or T.S. Eliot or Michael Oakeshott. As for those like Congressman Ron Paul who promote a minimal state and an unregulated economy, their libertarianism is actually a mutation of early liberalism, not conservatism. This is important to bear in mind.</p>
<p>On questions of history, however, Americans are all over the map. As we were reminded in the run-up to the last Iraq war, every now and then the prophetic strain in our political rhetoric inspires eschatological fantasies of democratic avant-gardism, with Lady Liberty replacing the French Marianne on top of history’s barricades. Then reality intrudes and Americans revert to the converse fantasy of American exceptionalism, which must be protected from history through isolation and self-purification. We have also had our share of restorative reactionaries, from Southern nostalgics for the ol’ plantation, to agrarian despisers of the great American cities, to racialist despisers of the immigrants they attracted, to no-government oddballs who think they can go it alone, to trust-fund hippies who went back to the land, to lock-and-load eco-terrorists who want to take us off the grid (after they recharge their Macs). What we have not seen much of, except on the fringes of American politics, are redemptive reactionaries who think the only way forward is to destroy what history has given us and wait for a new order to emerge out of the chaos. At least until now.</p>
<p>The real news on the American right is the mainstreaming of political apocalypticism. This has been brewing among intellectuals since the Nineties, but in the past four years, thanks to the right-wing media establishment and economic collapse, it has reached a wider public and transformed the Republican Party. How that happened would be a long story to tell, and central to it would be the remarkable transmutation of neoconservatism from intellectual movement to rabble-rousing Republican court ideology. The first neoconservatives were disappointed liberals like Irving Kristol and Nathan Glazer, who saw the failures of a large number of Great Society programs to deliver on the unrealistic expectations of its architects, and consequently began to appreciate the wisdom of certain conservative assumptions about human nature and politics. Kristol’s famous quip that neoconservatives were liberals who’d been mugged by reality captured the original temperament.</p>
<p>Sometime in the Eighties, though, neoconservative thinking took on a darker hue. The big question was no longer how to adapt liberal aspirations to the limits of politics, but how to undo the cultural revolution of the Sixties that, in their eyes, had destabilized the family, popularized drug use, made pornography widely available, and encouraged public incivility. In other words, how to undo history. At first, neoconservatives writing in publications like <em>Commentary</em> and <em>The Public Interest</em> (which I once helped to edit) portrayed themselves as standing with “ordinary Americans” against the “adversary culture of intellectuals,” and to that end promoted “family values” and religious beliefs they did not necessarily share, but thought socially useful. Yet by the Nineties, when it became apparent that lots of ordinary Americans had adjusted to the cultural changes, neoconservatives began predicting the End Times, and once-sober writers like Gertrude Himmelfarb and Robert Bork started publishing books with titles like <em>On Looking into the Abyss </em>and<em> Slouching Towards Gomorrah. </em></p>
<p>The new apocalypticism reached a fever pitch in a symposium published in 1996 in the widely read theoconservative journal <em>First Things</em>, edited by the late Richard John Neuhaus. The special issue bore the title “The End of Democracy? The Judicial Usurpation of Politics,” and was provoked by a court decision on physician-assisted suicide. The opening editorial put the following question before readers: Given that “law, as it is presently made by the judiciary, has declared its independence from morality,” and that, due to judicial activism, “the government of the United States of America no longer governs by the consent of the governed,” have we “reached or are [we] reaching the point where conscientious citizens can no longer give moral assent to the existing regime,” and therefore must consider responses “ranging from noncompliance to resistance to civil disobedience to morally justified revolution”? To raise such a question, the editors insisted, “is in no way hyperbolic.”<sup><a href="http://www.nybooks.com/articles/archives/2012/jan/12/republicans-revolution/?pagination=false#fn-2">2</a></sup></p>
<p>This is the voice of high-brow reaction, and it was present on the right a good decade before Glenn Beck and his fellow prophets of populist doom began ringing alarm bells about educated elites in media, government, and the universities leading a velvet socialist revolution that only “ordinary Americans” could forestall. Apocalypticism trickled down, not up, and is now what binds Republican Party elites to their hard-core base. They all agree that the country must be “taken back” from the usurpers by any means necessary, and are willing to support any candidate, no matter how unworldly or unqualified or fanatical, who shares their picture of the crisis of our time.<em> </em>In the early Sixties, the patrician William F. Buckley joked that he would rather be governed by the first two thousand people in the Boston phonebook than by the combined faculties of Harvard and <acronym>MIT</acronym>. In 2010, former <em>Commentary</em> editor Norman Podhoretz wrote in <em>The</em> <em>Wall Street Journal</em> that “I would rather be ruled by the Tea Party than by the Democratic Party, and I would rather have Sarah Palin sitting in the Oval Office than Barack Obama.” This from a former student of Lionel Trilling. And he wasn’t joking.</p>
<p>Seen in this context, the current deadlock in Washington does not look so surprising. During the 2010 congressional election campaign, Republican candidates (and some Democrats) were put under enormous pressure to sign the Americans for Tax Reform “Taxpayer Protection Pledge,” which obliges them to oppose any increase in the marginal personal or corporate tax rate, and any limits on deductions or tax credits that aren’t offset by other tax cuts. To date, all but six Republican representatives and seven senators have signed this collective suicide note, making the group’s president, Grover Norquist, nearly as successful as Reverend Jim Jones. That’s how the apocalyptic mind works, though. It convinces people that if they bring everything down around them, a phoenix will inevitably be born.</p>
<p>The same faith has been expressed in the Republican presidential candidate debates, where the contenders compete to demonstrate how many agencies they would abolish when in office (if they remember their names), how many programs they would cut or starve, and how much faith they have in the ingenuity of the American people to figure it out for themselves once they’re finished. What’s so disturbing is that they don’t feel compelled to explain how even a reduced government should meet the challenges of the new global economy, how our educational system should respond to them, what the geopolitical implications might be, or anything of the sort. They deliver their lines with the insouciant “what, me worry?” of Alfred E. Neuman.</p>
<p>All this is new—and it has little to do with the principles of conservatism, or with the aristocratic prejudice that “some are fit, and thus ought, to rule others,” which Corey Robin sees at the root of everything on the right. No, there is something darker and dystopic at work here. People who know what kind of new world they want to create through revolution are trouble enough; those who only know what they want to destroy are a curse. When I read the new reactionaries or hear them speak I’m reminded of Leo Naphta, the consumptive furloughed Jesuit in Thomas Mann’s <em>The Magic Mountain</em>, who prowls the corridors of a Swiss sanatorium, raging against the modern Enlightenment and looking for disciples. What infuriates Naphta is that history cannot be reversed, so he dreams of revenge against it. He speaks of a coming apocalypse, a period of cruelty and cleansing, after which man’s original ignorance will return and new forms of authority will be established. Mann did not model Naphta on Edmund Burke or Chateaubriand or Bismarck or any other figure on the traditional European right. He modeled him on George Lukács, the Hungarian Communist philosopher and onetime commissar who loathed liberals and conservatives alike. A man for our time.</p>
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<p>1 &#8220;The Mirage: The Long and Tragical History of Post-Partisanship, from Washington to Obama,&#8221; <em>The New Republic</em> , November 17, 2011. <a title="Jump back to footnote fn-1 in the text" href="http://www.nybooks.com/articles/archives/2012/jan/12/republicans-revolution/?pagination=false#fnr-1">↩</a></p>
<p>2 <em>First Things</em> , November 1996. On the background to this bizarre episode, see Damon Linker, <em>The Theocons</em> (Doubleday, 2006), Chapter 3. <a title="Jump back to footnote fn-2 in the text" href="http://www.nybooks.com/articles/archives/2012/jan/12/republicans-revolution/?pagination=false#fnr-2">↩</a></p>
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