understanding fl foreclosures

[Craig Lubitski]

There is an upcoming Florida county foreclosure auction that has the following Mortgage/Lien holders:

09/04/2012 1st / Trust Deed/Mortgage $145,000 JPMorgan Chase BK Conventional / 20Y ears 06/1/2016 Assignment Specialized LN Servicing LLC

08/11/2005 2nd / Trust Deed/Mortgage $250,000 Bank ofAmerica Conventional Var / 09/04/2012 Subordination JPMorgan Chase BK

If the foreclosure is filed based on JP Morgan Chase for $143,000, and the successful bidder gets it for lets say $200,000 does he still need to pay off the second mortgage (250K - 55K excess over first mortgage) $195,000.   Or should the winner get the home clear of the second mortgage.

I hope this makes sense.