Elvis Presley’s ‘Graceland’ Foreclosure Sale Ends As Company Apparently Withdraws Claims
deadline.comA judge today halted the foreclosure sale of Graceland, the former Memphis, Tennessee home of Elvis Presley, noting that the Presley estate could be successful in proving fraud by an investment company.
The ruling came shortly before the company trying to foreclose on Graceland issued a statement dropping its case, according to the Associated Press.
Shelby County Chancellor JoeDae Jenkins issued a temporary injunction today against the proposed foreclosure auction that had been scheduled for Thursday in Memphis.
It underlines a previous restraining order issued at the request of Presley’s granddaughter, actor Riley Keough. A public notice for a foreclosure sale of the 13-acre estate posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan.
Read more on deadline.com