Everybody wants a good deal. And all but the extraordinarily seasick love a stunning water view. The troubled housing market has created a "perfect storm" for those who want both. It is a common misconception that luxury properties are not foreclosed upon. Likewise, many people assume that owners wealthy enough to have purchased a luxury home in a premiere neighborhood wouldn't be unfortunate enough to find themselves in a position where they had to short-sell the property. Not so. The following 15 listings (click here to see entire list), are proof enough that there are plenty of bank-owned and short-sale luxury homes for sale in Seattle's premiere neighborhoods.