Constructive Trust. A constructive trust is not an actual trust by the traditional definition. It is a legal fiction that is used as a remedy for unjust enrichment. Hence, there is no trustee, but the constructive trust orders the person who would otherwise be unjustly enriched to transfer the property to the intended party. wex: COMMERCE.
In the past, quitclaim deeds gave complete ownership to the holder after seven years of uncontested use â even if the person who gave you the deed wasnât the real owner. Now, itâs not as simple. More documentation is required as listed in the Official Code of Georgia.
How do you transfer a deed to a home? The property owner must sign the new real estate deed, which is filed at the county recorderâs office. This process can take four to eight weeks, according to realtor.com. A new real estate deed is mailed to the rights holder. Valid transfer of a deed is not effective until the deed has been delivered and accepted.