Forclosure of Graceland halted by Tennessee judge – Washington Examiner

A Tennessee judge issued a halt to the sale of Elvis Presley’s iconic Graceland home Wednesday preventing a Thursday foreclosure auction.

“The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law. And in being unique, the loss of the real estate would be considered irreparable harm,” Shelby County Chancellor Joe Dae Jenkins said, according to a report.

The legal battle to defend Graceland has been led by Riley Keough, Presley’s granddaughter and heir, who filed a temporary restraining order Monday to save “The King’s” estate.

Public notice for the foreclosure was posted earlier in the month, and it alleges that the controlling interest behind Graceland owes $3.8 million.

That money reportedly stems from a 2018 deed of trust purportedly signed by Lisa Marie Presley, the only child of Elvis Presley, to secure a loan through Naussany Investments and Private Lending.

Keough alleges that her mother, Lisa Marie Presley, never borrowed the money.

“These documents are fraudulent,” her lawsuit reads.

The notary responsible for the 2018 deed stated in an affidavit that she had not notarized Lisa Marie Presley’s signature, Jenkins said.

This calls into question the validity of the deed of trust, but it does not save Graceland from foreclosure, the report noted.

Jenkin’s order merely delays a trial, and both sides will have argue the allegations of fraud.

Currently, there is no official record of a deed pertaining to Graceland, according to the Shelby County Register of Deeds.

Graceland officials share the sentiment of Keough.

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“Elvis Presley Enterprises can confirm that these claims are fraudulent,” their statement read.

“There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud.”

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