MEMPHIS, Tenn. (AP) — A Tennessee choose on Wednesday blocked the public sale of Graceland, the previous house of Elvis Presley, by an organization that claimed his property didn’t repay a mortgage that used the property as collateral.
Shelby County Chancellor JoeDae Jenkins issued a short lived injunction towards the proposed public sale that had been scheduled for Thursday this week. Jenkins’ injunction primarily retains in place a earlier restraining order that he had issued after Presley’s granddaughter Riley Keough filed a lawsuit to battle off what she mentioned was a fraudulent scheme.
A public discover for a foreclosures sale of the 13-acre property in Memphis posted earlier in Could mentioned Promenade Belief, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 mortgage. Keough, an actor, inherited the belief and possession of the house after the dying of her mom, Lisa Marie Presley, final yr.
Naussany Investments and Non-public Lending mentioned Lisa Marie Presley had used Graceland as collateral for the mortgage, in line with the foreclosures sale discover. Keough, on behalf of the Promenade Belief, alleged in her lawsuit that Naussany offered fraudulent paperwork relating to the mortgage in September 2023.
Neither Keough nor attorneys for Nassauny Investments had been in courtroom Wednesday.
“Lisa Maria Presley by no means borrowed cash from Naussany Investments and by no means gave a deed of belief to Naussany Investments,” Keough’s lawyer wrote in a lawsuit.
Kimberly Philbrick, the notary whose identify is listed on Nassauny’s paperwork, indicated that she by no means met Lisa Marie Presley nor notarized any paperwork for her, the courtroom submitting mentioned.
Graceland opened as a museum and vacationer attraction in 1982 as a tribute to Elvis Presley, the singer and actor who died in August 1977 at age 42. It attracts a whole lot of 1000’s of holiday makers annually. A big Presley-themed leisure advanced throughout the road from the museum is owned by Elvis Presley Enterprises.
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