HSBC Bank is one of the top 10 financial institutions in USA. HSBC is a major lender for loans on residential properties. As a matter of fact, HSBC was the no.1 sub-prime loan originator for a number of years in the immediate past. Due to property price declines and poor underwriting standards, a number of loans that sub-prime lenders originated in the recent years are ending up in defaults and foreclosures.

When a property fails to get sold at a foreclosure auction, the bank/mortgage lender may opt to retain such unsold foreclosed properties. Such retained properties are termed as REO. Due to the rising tide of home foreclosures, the amount of REO inventory being offered for sale has been going up every passing day. This trend is not expected to subside in the foreseeable future. HSBC Bank has a number of REO properties listed for sale on its site. Interested investors can check out the HSBC REO Lisitngs site and find property deals with substantial equity.