Double closing

[Kal Paneliya]

Hello,

I am in a confusing situation being this my first time ever. I am in a contract with bank owned property, which I am trying to wholesale right now. I am not sure if I need double or triple closing. Here is my scenario:

There is a wholesaler who wants to get the property from me and sell to his buyer. The contract that I have with bank is NOT "assignable". So I will do the first closing. Now, I am signing a contract with this wholesaler who is making my contract as "assignable" to sell to his buyer. So once I do the closing on this property with bank, wholesaler will assign contract between us to his buyer who will do the second closing.

Does this process make sense? Is this doable and normal? or I have to do triple closing. I am kind of confused. Your guidance and help will be greatly appreciated.

Thanks

Miguel