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.
When deeds are submitted in person, it will be recorded by the next business day. Electronic submissions can take up to six weeks to be processed. Once the deed is recorded with the county, it is sent to the developer for the name to be changed in their system. This name change can take around 2 weeks to a month.