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As in reset back to being locked, to the best of my knowledge, yes. I do believe this also go by the owner of the house when he or she enter. An example is if you lock pick Warmaiden in White Run in the middle of the night, it should stay unlocked until Adrianne reenters and a certain amount of time is passed by.
Yeah. Even in cases where the occupants are dead the associated place is still flagged as trespassing and taking items is a crime.
The other thing of note about locks is that you only get experience the first time you pick a given lock. After that you don't get any. So, in my case, playing Anniversary Edition, I'll use Fenrik's Welcome on repeat visits to a location just to speed through the locks.
"I'd rather betray the world than let the world betray me." -Cao Cao