From pre-forclosure to auction

[Casey DeStefano]

Good morning! And thank you in advance for any replys :)

I am new to all this, and I just started using foreclosure.com to find homes in pre-foreclosure and send letters. Within the past 2 weeks, most of the pre-foreclosures I had contacted now appear in the "auction" status with dates set in the next couple of weeks. They are properties I am still interested in, either to flip myself, or acquire as a listing. 

I don't know a lot about how auctions work--is financing for auctions pretty cut and dry? Or is there room for creative financing? What are some pros and cons of why you do or don't purchase at auction?

Thank you!!