G'day Bill.L
You said this in your reply to Steve Navra (way back about 3 pages - this thread is HOT!!):-
Well, on the surface, you might "sound" correct - but, Bill, hasn't the $2,000,000 worth of property just jumped to $2,500,000 ???? Thus, a total of $1.8m loan(s) against $2.5m...