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Judge blocks attempt to put Elvis Presley’s Graceland up for sale

MEMPHIS, Tenn. (AP) — A judge said Wednesday that Elvis Presley’s estate could succeed in arguing that a company’s attempt to auction off Graceland is fraudulent, halting a foreclosure sale of the property. Beloved Memphis tourist attraction.

Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction which was scheduled for Thursday in Memphis, where the former home of the king of rock ‘n’ roll is located. Jenkins’ court order essentially keeps in place a previous restraining order issued after Presley’s granddaughter Riley Keough filed a lawsuit to fight what it said was a fraudulent scheme.

“Graceland is part of this community, much loved by this community and, indeed, by everyone,” the judge said.

A public notice about the foreclosure sale of the 13-acre property posted in early May said the Promenade Trust, which controls the Graceland museum, owes $3.8 million after defaulting on a 2018 loan. Keough, an actress, inherited the trust and ownership of the house after his mother’s death. Lisa Marie Presleylast year.

Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice. Keough’s lawsuit alleged that Naussany submitted fraudulent documents related to the loan in September 2023.

“Lisa Maria Presley never borrowed money from Naussany Investments and never delivered a deed of trust to Naussany Investments,” Keough’s attorney wrote in a lawsuit.

Neither Keough nor attorneys for Naussany Investments were in court Wednesday. Keough’s attorney, Jeff Germany, said outside court that he has had no direct contact with Naussany’s representatives.

Naussany filed an unsuccessful motion asking the judge to deny the estate’s request for an injunction.

Kimberly Philbrick, the notary whose name appears on Naussany’s documents, indicated that she never met Lisa Marie Presley or notarized any documents for her, according to the estate’s lawsuit. The judge said the notary’s affidavit included in the lawsuit calls into question “the authenticity of the signature.”

The judge noted that Keough could successfully argue that the documents are fraudulent if his attorney presents evidence to prove it. He said Naussany will have the opportunity to defend himself against the fraud allegations.

Graceland opened its doors as a museum and tourist attraction in 1982 as a tribute to Elvis Presley, the singer and actor who died in August 1977 at age 42. It attracts hundreds of thousands of visitors every year. A large Presley-themed entertainment complex in front of the museum is owned by Elvis Presley Enterprises.

“Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans around the world can continue to have the best experience when visiting his iconic home,” Elvis Presley Enterprises said in a statement.

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