Dear Marie, First you should ask that question to the seller, but here is what it might mean. The mobile home park is probably a CO-OP PARK, a cooperative, where the park is owned collectively by all the "owners" in the park. Together, it makes a corporation. You would own a share stake in the park; usually, in name only, the parcel of land your mobile home sits on. You own it but you don't concept. (No doubt, the mobile home is being sold for a price of more than $50000.)
The $50,000 for the stake is represented by a stock certificate that the buyer will receive from the park management just after close of escrow. There is a usually a stock transfer fee paid by the buyer, like about $100. The value stated for the share should be taken with a grain of salt as it is what the park "thinks" it's worth. It really has nothing to do with market conditions. You should weigh your options of other properties that could be a better investment, like a condo. A mobile home does NOT appreciate and you don't own the land so it is not a good investment, but.....if you don't care about that and you simply want the lifestyle that the mobile home park offers then enjoy your cake. Know that selling a mobile home in a coop park is not easy; in other words, it's a hard sell. Most people don't understand co-ops plus, when you can buy a condo for the same amount and have it appreciate, which route will most take.
This is a what if to explain: When you sell your mobile home, you are selling that share stake along with your mobile home so part of the list price is the share stake. There could be two separate transactions ( or not, if no mobile home involve...if you got rid of/sold it separately ); one for the share stake and one for the mobile home. A mobile home is for all intents and purposes, a vehicle and a bill of sale will transfer title. In doing this transaction, I suggest you get an attorney who specialized in the coop mobile home sales. Jonathan Damonte, attorney. 727-586-2889. They will handle the transaction. You should also have your own Realtor and not the park's Realtor.
If I can help you find a better investment, then please contact me.
Excellent Service Realty