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.
Since a quit claim deed only transfers the rights that the grantor has in the property, quit claiming does not affect the interest of others who do not sign the quitclaim deed.A quitclaim deed only affects the parties to the actual quit claim while others retain their ownership. Quit Claim Deed Forms.ince a quit claim deed only transfers the rights that the grantor has in the property, quit claiming does not affect the interest of others who do not sign the quitclaim deed.