Graceland foreclosure sale halted as Presley estate's lawsuit moves forward
A judge has halted the auction of Graceland by a company that claimed Elvis Presley's estate failed to repay a loan that used the property as collateral
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.
“Graceland is a part of this community, well-loved by this community and indeed around the world,” the judge said.
