Is the statement "Grantor must deliver deed that's unconditional on its face to escrowee" true or false?

The statement that "Grantor must deliver a deed that's unconditional on its face to escrowee" is true because the nature of a deed is fundamentally about the transferring of ownership rights. For a deed to effectively convey real property, it needs to show an unconditional intent by the grantor to transfer their interest in the property to the grantee.

When a deed is executed, it usually must become effective upon its delivery to the grantee or an escrow holder. The conditionless nature of the deed is essential as it signifies the grantor's clear intention to transfer ownership without any contingencies or stipulations that could complicate its validity or the grantee's rights.

In practice, this means that if conditions are attached to the deed, it cannot be considered a straightforward transfer of interest in the property. Escrow arrangements often require clear terms to close transactions, and having an unconditional deed ensures that the transaction can proceed without ambiguity. Therefore, the conditions attached to any deed might create issues in the escrow process and could lead to potential disputes regarding the validity of the deed or the intentions of the grantor.

This understanding is key in real estate transactions to ensure that ownership is transferred properly and that the interests of both parties are safeguarded.