On Wednesday, a Tennessee judge halted the planned sale of Elvis Presley‘s historic Graceland mansion.
Chancellor JoeDae L. Jenkins said at an injunction hearing at Shelby County Tennessee Chancery Court on Wednesday morning that the proposed auctioning of the property on Thursday will not go ahead after the Rock ‘n’ Roll legend’s granddaughter claimed documents pertaining to the case were fraudulent.
The judge said he considered the real estate unique to the state and that there must be time for adequate discovery, and for the defense to address claims made about the sale.
A company claims that Lisa Marie, Elvis’s only child, took out a $3.8 million loan but never paid it back having put the estate up as collateral via a signed Deed of Trust in 2018.
According to Fox News, the company, called Naussany Investments and Private Lending, claims Lisa Marie Presley never paid back that money before she died last year and the firm initiated plans for Elvis’ former home in Memphis, Tennessee, as well as its surrounding acreage on Elvis Presley Boulevard, to be sold to the highest bidder at a foreclosure sale.
Elvis’ granddaughter, Riley Keough, is the sole heir to the property and has asked a court for an injunction preventing the sale, which was initially scheduled to go ahead Thursday.
Keough says that the lawsuit is all a scam, with forged documents and a fake shell company making the claim.
Keough said in a 60-page lawsuit against Naussany Investments that her mother never borrowed any money from the company and that Presley’s signatures on the deed are forgeries. Keough also alleges that Naussany Investments is not a real entity.
The mansion, which is now a museum, is located in the Whitehaven area of Memphis.
Elvis and his daughter Lisa Marie Presley are buried on the property.
“Visitors flock to Graceland to feel connected to an icon whose life still remains shrouded in mystery,” Priscilla Presley previously said, according to Architectural Digest.”
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Nancy grew up in the South where her passion for politics first began. After getting her BA in journalism from Ole Miss she became an arts and culture writer for Athens Magazine where she enjoyed reporting on the eclectic music and art scene in Athens, GA.
However, her desire to report on issues and policies impacting everyday Americans won out and she packed her bags for Washington, DC. Now, she splits her time between the Nation’s Capital and Philadelphia where she covers the fast-paced environment of politics, business, and news.
In her off time, you can find Nancy exploring museums or enjoying brunch with friends.
