These home auctions are very common all across Las Vegas, California, Florida and Phoenix.  But the last real estate holdout market of Seattle has not seen these panic auction sales – until now that is.  There is wide scale evidence that the Seattle market is tapering off – increasing inventory, lower sales numbers, and falling prices.  But interestingly enough, most Seattle homeowners are still in denial about the risks of vanishing equity.  Until recently, those 50% off auction sales were limited to those other bubble areas, and surely, Seattle would not take part in the madness.   Well Seattle, the game is over.  Say good-bye to your equity.  The auctions have landed.