A Tennessee judge issued a halt to the sale of Elvis Presley’s iconic Graceland home on 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 JoeDae 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 on Monday to save the estate of “The King.”
Public notice for the foreclosure was posted earlier in the month, and it alleged 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 said.
The notary responsible for the 2018 deed said 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.
Jenkins’s order merely delays a trial, and both sides will have to argue the allegations of fraud.
There is no record of a deed pertaining to Graceland, according to the Shelby County Register of Deeds.
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Graceland officials said they share the sentiment of Keough.
“Elvis Presley Enterprises can confirm that these claims are fraudulent,” they said in a statement. “There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud.”
