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A Tennessee court docket on Thursday halted the sale of Elvis Presley’s historic mansion in Graceland.
Chancellor JoeDae L. Jenkins stated throughout a listening to Wednesday morning in Shelby County Tennessee Chancery Court docket that the proposed public sale of the property on Thursday won’t proceed after the rock ‘n’ roll legend’s granddaughter claimed that paperwork associated to the case have been fraudulent items.
The choose stated he considered the property as distinctive to the state and that there needs to be time for ample discovery, and for the protection to deal with claims in regards to the sale.
The choose famous that this case is of public curiosity and that Graceland is a part of the group and is far liked.
ELVIS’S GRACELAND MANSION EXPECTED FOR EXPLOITATION AUCTION, BUT FAMILY CLAIMS FRAUD: ‘IT’S A SCAM’
Graceland mansion with Elvis Presley, left, and Riley Keough, proper (Getty Photographs)
An organization claims that Lisa Marie, Elvis’ solely little one, took out a $3.8 million mortgage however by no means paid it again after placing up the property as collateral by way of a signed deed of belief in 2018.
The corporate, known as Naussany Investments and Personal Lending, claims that Lisa Marie Presley by no means paid again that cash earlier than she died final 12 months and that the corporate opened plans for Elvis’ former dwelling in Memphis, Tennin addition to the encompassing acreage on Elvis Presley Boulevard, to be bought in a foreclosures sale to the best bidder.
Elvis’ granddaughter, Riley Keough, is the only inheritor to the property and has requested a court docket for an injunction to stop the sale, which was initially scheduled to go forward Thursday.
Keough says the lawsuit is all a rip-off, with solid paperwork and a pretend shell firm making the declare.
The mansion, which is now a museum, is situated within the Whitehaven space of Memphis.
Keough stated in a 60-page lawsuit in opposition to Naussany Investments that her mom by no means borrowed cash from the corporate and that Presley’s signatures on the deed are forgeries. Keough additionally claims that Naussany Investments is just not an actual entity.
“These paperwork are fraudulent,” the lawsuit states.
ON THIS DAY IN HISTORY, MARCH 19, 1957, ELVIS PAID A DEPOSIT ON GRACELAND
Lisa Marie Presley was born in February 1968 to Elvis and Priscilla and was delivered to Graceland. (Photograph by Michael Ochs Archive/Getty Photographs)
Priscilla Presley, Lisa Marie’s mom and Elvis’ ex-wife, distributed the authorized discover on social media. “It is a rip-off,” she wrote on X.
Elvis Presley bought the mansion in 1957 for $102,500 and lived there till his dying in 1977.
Lisa Marie inherited Graceland after her father’s dying, and it opened to the general public as a museum in 1982. It comprises costumes, artifacts and private recollections of Elvis and his household.
The property additionally shows a Convair 880 Jet named “Lisa Marie” that Elvis Presley utilized in his heyday.
A resort resort and chapel at the moment are situated on the grounds of Graceland, in keeping with the house’s web site.
It was designated a Nationwide Historic Landmark in March 2006. In 1991 it was positioned on the Nationwide Register of Historic Locations.
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Priscilla Presley and Riley Keough deny claims that Graceland has gone bankrupt and are combating again in opposition to the legality of an alleged sale. (Eric Charbonneau/Getty Photographs for Warner Bros)
In accordance with the property’s web site, roughly 600,000 vacationers go to the property yearly. Graceland generates a complete financial affect of $150 million for the town of Memphis.
Lisa Marie Presley died in January 2023 on account of a small bowel obstruction, in keeping with the County of Los Angeles Medical Examiner’s workplace. Keough turned inheritor to the property and trustee of the Promenade Belief.
Elvis and his daughter Lisa Marie Presley are buried on the grounds.
“Guests are flocking to Graceland to really feel related to an icon whose life stays shrouded in thriller,” Priscilla Presley beforehand stated, in keeping with Architectural Digest.
Michael Dorgan is a author for Fox Information Digital and Fox Enterprise.
You’ll be able to ship tricks to michael.dorgan@fox.com and observe him on Twitter @M_Dorgan.
Decide halts Graceland foreclosures public sale as authorized battle intensifies
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