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.
For the most part, the deeds are recorded fairly promptly, but take six to ten weeks to get back a recorded deed from the clerkâs office, so be patient. If the deed is for more than $1,000, you have to also submit a separate check for the realty transfer fee, made payable to the â_____ County Clerk.