With the development of RAIM techniques for single failure, increasing interest has been shown in the multiple failure problem. As a result, numerous approaches have been used in attempts to tackle this problem. This paper considers the two failure problem with total least squares (TLS) technique, a solution that has rarely been addressed because TLS requires an immense number of computations. In this paper, the special form of the observation matrix H, (that is, one column is exactly known) is exploited so as to develop an algorithm in a sequential form, thereby reducing computational load. The algorithm permits the advantages of TLS without the excessive computational burden. The proposed algorithm is verified through a numerical simulation.