Short Sale ???
If I have a seller in distress and the home is worth $100k and they owe $97k and the bank agrees to short sale for $50k.
My question is if I have found a buyer who has qualified for a loan amt. of $100k, can I sell it to them directly after I have structured the deal w/ the bank w/o having to get a HML myself? If so, how do I structure my contract w/ the bank and the buyer?
Thanks in advance for any answers!!! 
Wow, not a bad deal. The problem is you probably want to keep it quiet that you are getting the property for 50K, so your best bet is to get hard money, or some short term loan to pay the bank. Then sell it to the new buyer.
You will probably not easily be able to logistically work the deal doing a dual closing, or using thier funds to pay the bank the 50K. Could spell trouble, and mess up the deal.
You can do a double closing on the property. That way your buyer will not know how much you are making. Your buyer will have seasoning problems when doing it this way.
Tom