Auction.com properties and obtaining ownership

[Austin Ralls]

I am looking to bid on properties auctioned off on Auction.com but am needing a bit of information before throwing myself in and getting in over my head.

1. Are these properties pre-foreclosed properties?

2. How do I obtain ownership of the property after my bid is picked?

3. How long do I typically have to get funds paid and is there a period where I can walk the property and back out of the deal, or is this a site unseen bidding process and you get what you get?