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?

I appreciate your thoughtful responses.

Really appreciate your response.

Great in depth response, thanks Phil. 

I made the acceptance date prior to the end of the timeframe offers were being accepted to see if it would be taken, and there was no response- as suspected. 

Thank You for the responses it is much appreciated!

I'm currently contesting the results of the appraisal and I'm waiting to hear their response, but I want to make sure that I have a contingency plan lined up just in case things turn sour. 

I posted the job on our university's website but not even a response. 

Thanks for your responses, @Russell Brazil and @Jeff P.

I got the responses below to the my questions.