Monday, November 24, 2008

Fun & Yammy!!

Creative Cuisine
Perfect Prime Rib


This is a foolproof way to make a PERFECT prime rib. Paramount to this venture is that you follow the directions to the tee.

- 1 standing rib roast of either prime or choice quality (size will depend on the number of guests – consult your butcher on this)
- Herbs d’ Provence
- Extra virgin olive oil
- Kosher salt and freshly ground black pepper
In a bowl, mix together the ingredients for the marinade. Allow the rib roast to come to room temperature. In order to make it happen with a piece of meat this size, you must take it out of the refrigerator from the moment you wake up the morning of.

Preheat oven to 375 degrees.

Brush the top of the roast with olive oil and season with salt, pepper and Herbs d’ Provence.

Put roast in oven and leave alone for one hour.

At the end of the hour turn off heat but DO NOT OPEN THE OVEN DOOR.

When guests arrive or whenever it’s appropriate, turn the oven back on to 375 degrees. From the time you turn oven back on, roast 35 minutes for rare, 40 minutes for medium rare, 45 minutes for medium and 50 minutes for well done.

Note: the roast must sit for at least 2 hours before turning the oven back on. It can, however, sit longer.

Allow roast to rest for 15-20 minutes before serving.

by
Lisa Warren
Southlake Branch Manager
Silver Oak Mortgage
Phone: (817) 410-2518
Fax: (817) 410-2519
lwarren@somlp.com
www.silveroakmortgagelp.com

Saturday, November 22, 2008

DATES TO REMEMBER


Holiday Happenings in the area.....


Nov. 14 - Jan. 3 - ICE! and Lone Star Christmas (Grapevine)

Nov. 22 - Jan. 4 - The Trains at North Park (Dallas)

Nov. 28 - Jan. 4 - Holiday in the Park (Six Flags in Arlington)

Saturday, Nov. 22 - 3:00 to 9:00 pm

Home For the Holidays (Southlake Town Square)

Tree lighting at 6:30 pm

Saturday, Nov. 22 - 24 - www.SouthlakeFestivalofTrees.com

Friday, Nov. 28 - FW Sundance Square

2:00 to 5:30 pm - Holiday Fun Zone

6:00 to 8:00 pm - Parade of Lights and Tree Lighting

Nov. 29 - Dec. 21 - Snowflakes, Sugarplums, and SANTA! (Fort Worth)

Saturday, Nov. 29 - 6:00 to 8:00 pm

Hurst Annual Tree Lighting Spectacular

Monday, Dec. 1 - 7:00 pm

Historic downtown Grapevine Carol of Lights

Thursday, Dec. 4 - 7:00 pm

Historic downtown Grapevine Parade of Lights

Friday, Dec. 5 - 6:00 to 9:30 pm

Holly Days at Keller Town Center

Saturday, Dec. 6 - 10:00 am

Neiman Marcus Adolphus Children’s Parade Dallas

Saturday, Dec. 6 - 4:00 to 8:00 pm

NRH Night of Holiday Magic at NRH20 Family Waterpark

Saturday, Dec. 6 - dusk

Twinkle Light Parade on Grapevine Lake

Happy Holidays!!!

Friday, November 14, 2008

Foreclosure Prevention
The two secondary-mortgage-market companies are well aware of the market pain and are taking a number of steps to provide relief, particularly to prevent foreclosures.

Among other things, Freddie Mac is allowing lenders to modify their at-risk loans into 40-year, lower interest-rate mortgages and to reduce borrowers' burdens by permitting them to roll up to six months of missed payments into what amounts to an unsecured second loan. The two companies are also ramping up their staff and adjusting compensation so their internal structure better matches the size and complexity of the processing demand they face.

What’s more, to help facilitate short sales, Lockhart’s agency will be releasing a large-scale, streamlined, standardized process for expediting short sales, which he said will give lenders flexibility and tools like principal forbearance that they can’t easily use right now.

But Lockhart made it clear that the bulk of the problem isn’t with Fannie and Freddie loans, but debt in what the financial services industry calls private-label securities, the Wall Street loans, many of them subprime, that are held by investors all over the world.

The streamlined short sale process his agency will be announcing soon—he didn’t give a time line—could go a long way to focusing the minds of lenders on the problem. But ultimately the problem won’t go way until interest rates come down, buyers start streaming back into the market again, and prices firm up, he suggested.

—Robert Freedman
Realtor Magazine