California Civil Code 2924m. Can I withdraw my "winning bid"

[Manuel Sarabia]

Hello everyone. It's been a while since I've purchased a property at the court steps so I wasn't aware of the new law that allows eligible buyers to submit bids after the auction. I won on three properties and I was notified on all three that there is an intent to submit an offer. To me, this pretty much sounds like I'm losing out on these properties while my funds are tied up for a maximum of 45 days. Any thoughts on being able to withdraw from the purchase? Major bummer because I can be using those funds elsewhere for other opportunities.