When her Edmonds condo went on the market, Mindy Moore thought she had managed to avoid foreclosure.

Moore listed the home in Edmonds for about $30,000 less than she owed on the mortgage. She thought the “short sale” agreement signed with the bank meant the bank would absorb the loss.

Then she discovered that her lender, Bank of America, might still come after her for the difference. That means she may have to let the bank take back her property, or file for bankruptcy because she can’t afford to pay up.

Experts say the wording, which was recently and quietly added to Bank of America’s short-sale agreement, could have major ramifications for a large group of distressed homeowners in Washington and across the country.

Well, allrighty.  Short sales are difficult enough without throwing in some verbiage requiring possible repayment from borrowers attempting to minimize the financial damage to all of the parties involved.  There are certainly borrowers who could afford to make good on their loan, and it certainly would take some effort to determine the identity of those borrowers.  But really, how difficult is it to read a credit report?  Credit reports will give a fairly decent snapshot of almost anyone’s financial standing.  BOA can’t pull credit and decline those short sales where the borrower isn’t in real trouble?