Judge orders pause on foreclosure sale of Elvis Presley’s iconic Graceland

US News

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By Ronny Reyes

A Memphis judge ordered a pause on the foreclosure sale of Elvis Presley’s iconic Graceland home in a brief hearing Wednesday morning.

Chancellor JoeDae Jenkins ruled that the home could stay in the hands of the Presley family for the time being, amid evidence documents giving a company the right to sell it may have been forged.

Naussany Investments and Private Lending LLC sought to auction off Graceland and its surrounding property in Memphis, Tennessee, to the highest bidder on Thursday.

They claim they had leant $3.8m to Lisa Marie Presley, Elvis’ only daughter, before her death in January last year. The estate was then transferred to her daughter, Riley Keough.

Jenkins said Wednesday the sale must be postponed until there is clear evidence of who owns the King of Rock ‘n’ Roll’s home, adding a premature verdict would cause great harm to Presley’s family.

“The estate is considered unique under Tennessee law, and in being unique the loss of the real estate will be considered irreparable harm,” Jenkins ruled.

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