A judge at the Shelby County Chancery Court in Memphis, Tennessee, halted the sale of Elvis Presley‘s Graceland estate on Wednesday (May 22), a day ahead of the scheduled foreclosure auction set for Thursday (May 23).
Chancellor JoeDae L. Jenkins, who heard the case pertaining to the lawsuit filed by Elvis’ granddaughter Riley Keough, said, “The estate is considered unique under Tennessee law, and in being unique the loss of the real estate will be considered irreparable harm.”
Neither Keough nor the defendant, a company called Naussany Investments & Private Lending LLC, attended the hearing.
Keough had claimed in a suit filed earlier this month that Naussany was trying to defraud her family into selling Graceland by forging the signature of her late mother Lisa Marie Presley, the only daughter of Elvis and Priscilla. She added that Naussany may not even be “a real entity” and sought a restraining order against them ahead of the sale of Graceland.
Jenkins’ order also delays the trial until Naussany provides a defense to Keough’s claims.
Naussany claims that Lisa Marie borrowed $3.8 million and gave them a deed of trust encumbering Graceland as security before she died in January 2023, but Keough’s lawsuit claims Lisa Marie’s apparent signatures on the Standard Promissory Note and deed of trust are forged.
Keough’s suit also claims that the notary who reportedly witnessed the deed said she didn’t notarize anything and has never met Lisa Marie.
Music News Service distributed by Frankly Media. Copyright(c) 2024 RTTNews.com. All Rights Reserved