Judge Stops Graceland Foreclosure Sale

Above, Graceland from Elvis Presley Blvd. Photo by Armand Vaquer.

A Memphis judge has halted a foreclosure sale of Elvis Presley's Graceland mansion that was scheduled for today.

AP News reported:

MEMPHIS, Tenn. (AP) — A judge on Wednesday said Elvis Presley’s estate could be successful in arguing that a company’s attempt to auction Graceland is fraudulent as he halted a foreclosure sale of the beloved Memphis tourist attraction.

Later Wednesday, a statement from someone who appeared to be a representative of the company said it would drop its claim, which the Presley estate has argued is based on fake documents. Online court records did not immediately show any legal filings suggesting the claim had been dropped.

Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday in Memphis, where the king of rock ‘n’ roll’s former home is located. Jenkins’ injunction essentially keeps in place a previous restraining order issued at the request of Presley’s granddaughter Riley Keough. 

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Elvis's Granddaughter Fighting Foreclosure of Graceland

Above, Elvis Presley's Graceland mansion in Memphis. Photo by Armand Vaquer.

Elvis Presley's granddaughter, Riley Keough, is fighting a foreclosure of Graceland, alleging that some signatures are forgeries.

NBC News reported:

Elvis Presley’s granddaughter is trying to halt the court-approved sale of Graceland, the late singer’s Memphis, Tennessee, compound.

Riley Keough, a successful dramatic actor also known as Danielle Riley Keough, has filed a claim in Tennessee civil court that alleges the creditor behind the foreclosure claim used forged signatures.

Keough, who was granted virtual control of Graceland Mansion and much of Elvis' estate after her mother, Lisa Marie Presley, died last year, alleges in the suit that the creditor's paperwork on a $3.8 million loan to Graceland trustees, with a deed of trust on the compound pledged as collateral, is fraudulent.

In a statement, Elvis Presley Enterprises — the entity that runs Graceland and the assets of the Elvis Presley Trust — suggested the announced sale is a scheme.

“Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud,” it said.

To read more, go here.