It is a common misconception that binders are title insurance.

If they went on typical numbers, they would be overpaying.However, it is a misconception that the income approach is not based on comps.

Jeni,I feel there is a common misconception that "dealer status" is some sort of a disease that once contracted, can spread to the remaining portfolio and other deals you do. 

There's a common misconception that if a sign is posted on private property with the permission of the owner then its legal. 

Also, sounds like you think you get the house back, there are ways, but it depends on equity established by the buyer and state, you need to get with an attorney and stay away from RE operators and gurus, about 90% are under misconceptions, they may have gotten away with something in the past, things have changed too.

If she doesn't work out or doesn't agree, I will proceed to applicant #2.For the record and to clear up any misconceptions, I have no issue with applicant #2.

The misconception may come from every RE site I've seen having RE notes as a topic area, but they are mixing two different worlds.Again, you don't need to know every law, you need to know applicable laws.

So, lets toss aside all these misconceptions about lender's not calling a mortgage due under the due on sale clause because they want the interest!

I could rent the home "as is" for $550 a month.The lease option looks intriguing because I would not be on the hook for maintenance (misconception?)

For a buyer to believe they can get a better overall price by dealing directly with the Seller's Agent is misconception.