HSBC warns of foreclosures in holiday ad thanking customers

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HSBC warns of foreclosures in holiday ad thanking customers
Merry Christmas! Pay us or we'll take your home! http://t.co/g0a9uxGt3Z
Ah, bankers. What a warm and pleasant bunch. “@jamesrbuk: Merry Christmas! Pay us or we'll take your home! http://t.co/pjmlbDEEfN”
People walk past a branch of the HSBC bank in London, Wednesday, May 15, 2013, after the bank announced 2 to 3 billion US dollars in new cuts as it continues to trim its global empire. Europe's biggest bank by market value, HSBC announced a doubling of its profit earlier this month as it reaped the benefits of recent restructuring, trimming around 40,000 jobs from a workforce of about 300,000 since 2011, but the new cost cutting is widely expected to translate into additional layoffs. (AP Photo/Lefteris Pitarakis)
People walk past an HSBC bank branch in London, Wednesday, May 15, 2013, after the bank announced 2 to 3 billion US dollars in new cuts as it continues to trim its global empire. Europe's biggest bank by market value, HSBC announced a doubling of its profit earlier this month as it reaped the benefits of recent restructuring, trimming around 40,000 jobs from a workforce of about 300,000 since 2011, but the new cost cutting is widely expected to translate into additional layoffs. (AP Photo/Lefteris Pitarakis)
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By RYAN GORMAN

HSBC reminded people their homes could be repossessed -- in a Christmas advertisement.

The Britain-based bank made the handy reminder in a sign posted in the window of a London branch, according to Guardian editor James Ball, who posted a picture to Twitter.

"Thanks to over 100,000 of you who trusted us with your mortgages this year," the sign said just above an ominous message.

"Your home may be repossessed if you do not keep up repayments on your mortgage.

"Season's greetings."

The line drew much scrutiny on social media, but it is mandated by UK Financial Conduct Authority law.

HSBC spokesperson Neil Brazil told AOL News that while the bank understands "it doesn't look very festive, it is a legal requirement to have these words on all our UK mortgage adverts, and for them to be easily noticeable."

A similar disclosure is also required of all U.S. mortgage lenders.

"If you stop paying your mortgage, you could lose your home and damage your credit rating."

Keep that in mind the next few weeks while deciding who has been naughty and nice.

Also on AOL:

Saving Your Home from Foreclosure


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