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.
Register with the website and create a free quit claim deed. Take the completed quit claim deed to a notary public. Have the grantor and grantee sign the quit claim deed in front of the notary. Provide personal picture identification and the original property deed for the notary public to examine. Ask a witness to sign the quit deed claim if your state requires you to do so. According to MortgageFit.com, a few states, including Arkansas, Georgia, Michigan, Ohio, South Carolina and Vermont, require the deed to be signed by witnesses other than the notary public to make the quit claim valid.