HSBC REO refers to the properties that the bank owns and makes available for sale in the open market, often at a price that is less than the current market rates. These are basically foreclosed homes and are also known as bank-owned properties.

There exists a specialized REO department that manages a network of nationwide real estate agents, brokers and asset managers, who are designated tasks pertaining to asset management and sale for each individual property.

Listings of available properties for sale at HSBC can be had from the official website of the bank or from local realtors registered at the bank.

HSBC REO Department

Functioning as a separate division, the HSBC REO dept is entrusted with the responsibilities to maintain the condition of bank-owned properties until they are sold. The inventory of residential properties includes all those that have been acquired by HSBC Bank USA, NA, HSBC Mortgage Corporation, any of their affiliates, and by a company that is being serviced by them.
The department invites application from eligible agents, brokers and asset managers to get professional assistance from them in maintaining and selling homes and residential properties managed by it. One can search online to find broker application form and know about the process of becoming an associate of HSBC REO Division.

It is hard to find a phone number that can directly get you through an official of the dept, but you can use the customer service phone number at 1-800-975-4722 to get more information in this regard.

HSBC REO Properties for Sale

The listings of HSBC REO Properties for Sale are available online. Each listing bears the property details, locations and the contact details of the broker responsible for its sale. You should contact the real estate broker via phone, email or mail, and fix a date for the inspection and other necessary steps.

Moreover, the offers must be submitted on HSBC approved contracts, and you may also seek financial assistance in buying the same. The affordability analysis calculator provided online can help you take a decision quickly and perfectly. To apply for a mortgage loan, you can use the online resources available on the website of the bank.

For more information, you can contact the customer service department of the bank or visit a branch near your location. Moreover, the listings of HSBC properties for sale are also available with a local realtor registered with the bank. Check a broker near your area to get the most updated information on this.