Double Close a Short Sale and Marketing One (Texas)

[Eric Barnett]

I have a multi under contract with the bank soon to expect the offer (based on seller's agent). I am thinking of working to market this and do a double close since I know I cannot assign. I have set it up where I will be responsible for the title policy as it is my understanding that this creates the need for only one title policy in a double close and not two (of course need to confirm with title co) during a process like this.

My questions are this: 

-What to watch out for when doing this, are there are any legal issues with marketing a short sale like this?

-At what point do I approach the title company of my intentions?

-Any other general advice from those that have done this.

Thanks,

-Eric