Constructive Trust


Definition of "Constructive trust"

Linda Meese
  Realty Executive Assoicates

Judicial order creating a trust for property wrongfully or illegally assumed or taken. The trust compels the person improperly to transfer it to another having a legally sustainable claim.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Earthquake Insurance

Comprehensive insurance policy rider or available as a separate policy indemnifying property against ...

Waterfront Property

Residential or office structure adjacent to water such as a lake. Such property has a higher value b ...

Street Improvement

Repairing the street for safety and attractiveness. In some localities, such as on Long Island, the ...

Site Survey

Determining the measurements of a specific location. ...

Effective Tax Rate

Equals the tax divided by taxable income. Foe example, if the tax is $30,000 on taxable income of $1 ...

Cash Basis

Method of accounting in which expenses are recorded when cash is paid and revenue is recorded when c ...

Related Real Estate FAQ

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

5 signs of house foundation problems Is it better to buy or sell a home first Short Sale Homes How Does The Home Loan Underwriting Process Work? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

What is the APR for This ARM Loan? What is an inspection? What is a buyer’s agent? What is an assumable mortgage? What is cooperative?