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It is and it is ridiculous but $1000 of the $1500 goes toward the new buyers next MF's. Even so $500 straight to Reba for updating files is wrong. They claim it is to cut down on defaults but in reality it makes timeshares that may have had a value of $500 or so now cost $1000 to give it to someone. I wouldn't be surprised if 2-3 years down the line the defaults are even higher as some my take the ts only to use the prepaid portion and then never pay anything else.