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What Nina Barchap's research means is TMC sold and recorded timeshare deeds under two different entities so the total number of timeshares sold by TMC looks less that it really is. One timeshare entity is secret. TMC does not disclose there are two TMC entities under which timeshare deeds were being recorded in New York State ACRIS Real Estate Records. If anyone checks one entity there is no indication of the other entity.