Judge halts foreclosure sale of Graceland amid lawsuit
A foreclosure sale of Elvis Presley’s Graceland mansion has been paused, per a judge in Memphis,
Tennessee.
Chancellor JoeDae Jenkins ruled on Wednesday that the upcoming Shelby County auction of the residence and its surrounding property needs to be halted, according to the New York Post. The judge found that local officials hadn’t received the proper paperwork to proceed with the sale.
An auction of the property had been scheduled for Thursday.
Graceland was purchased by Presley in 1957 one year after his music career skyrocketed. He lived in the mansion with then-wife Priscilla Presley, whom he split from in 1972, and their daughter,
Lisa Marie Presley.
Elvis died in 1977 at the age of 42 with ownership then being passed down to Lisa Marie. After Lisa Marie died at the age of 53 in January 2023, her daughters were granted control of the estate. (Lisa Marie had four kids. She shared Riley Keough, 34, and the late Benjamin Keough with ex-husband Danny Keough. She also shared 15-year-old twins Harper and Finley Lockwood with ex-husband
Michael Lockwood.)
Us Weekly confirmed that Riley Keogugh, an actress, had filed a lawsuit earlier this month against the company attempting to put Graceland up for auction. The firm had initially claimed that the Promenade Trust, which oversees the iconic mansion, owes $3.8 million to Naussany Investments and Private Lending after neglecting to pay back a 6-year-old loan.
Keough, the star of “Daisy Jones & The Six,” had alleged that Naussany’s documents about Lisa Marie Presley’s loan details were “fraudulent.”
“Lisa Marie never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments,” Keough claimed in her filing.
Keough sought a temporary restraining order that would delay Thursday’s auction. The TRO was granted ahead of Wednesday’s injunction hearing.
Keough is the sole trustee of Graceland and presides over sub-trusts designated to her younger twin sisters. Keough’s appointment was named in Lisa Marie Presley’s January 2023 will, which Priscilla Presley, 78, initially contested.
Priscilla Presley, Keough’s maternal grandmother, had alleged that a 2016 legal amendment naming Keough and her brother as Lisa Marie Presley’s estate trustees was forged. Keough and Priscilla Presley settled the case in May 2023 with Presley receiving a onetime lump sum of $1 million from the account.