The planned auction of Elvis Presley’s iconic Graceland residence in Memphis, Tennessee has been blocked by a judge in the state. Riley Keough, who is the granddaughter of the late music icon and owner of the estate, had taken legal action to stop the sale from going ahead. Keough was fighting against a court-approved sale of the 13.8-acre estate, which had been called into question following events that occurred in 2018. Naussany Investments and Private Lending LLC in Missouri claimed that Graceland was used as collateral for a $3.8 million (£2.9 million) loan, which was never repaid.
The company had acquired a deed of trust that was allegedly signed by Lisa Marie, Elvis’ only child and Keough’s mother, which held Graceland as collateral. However, Keough had been instrumental in fighting these claims, stating that her mother never signed anything over and did not borrow any money from the company. Her lawsuit was filed on May 15, in which she argued that the creditor did not exist and the public notice of sale’s notary public never notarized it, thereby accusing the planned auction of “fraud”.
Yesterday, May 22, Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction, following which Graceland and Elvis Presley Enterprises issued a statement saying, “As the court has now made clear, there was no validity to the claims. There will be no foreclosure. Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have a best-in-class experience when visiting his iconic home.”
The Graceland estate has been a destination for Elvis fans since the legendary singer purchased the mansion in 1957. The property has since been visited by many who want to pay their respects to the musician. Elvis, his parents, his daughter Lisa Marie, and her son Benjamin Keough are buried there
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