Elvis Presley’s Graceland home sale halted by court ahead of foreclosure auction after Lisa Marie ‘failed to pay loan’
TENNESSEE courts have halted the sale of Elvis Presley's Graceland home ahead of the property's foreclosure auction.
The Memphis mansion was set for sale on Thursday after the singer's daughter, Lisa Marie, reportedly failed to pay the loan.
A Shelby County judge issued the order on Wednesday to cease the auction of the estate, according to News Channel 3 Memphis.
“The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law," Chancellor Joe Dae Jenkins said.
"And in being unique, the loss of the real estate would be considered irreparable harm."
The Chancellor revealed that the notary who signed the home's 2018 Deed of Trust said in a sworn affidavit that she did not notarize Lisa Marie Presley's signature.
Therefore, Jenkins claimed both the signature itself and the authenticity of the Deed has been called into question.
The Tennessee judge has ordered a trial delay to allow the opposition time to defend claims made by the Presley heirs.
Missouri firm Naussany Investments and Private Lending LLC has claimed that the late Lisa Marie allegedly signed a 2018 Deed of Trust to secure a $3.8 million loan pledging Graceland as collateral.
But the Presley family has slammed the claims, saying they're fraudulent.
Lisa Marie's mother and Elvis's ex-wife, Priscilla Presley, 78, responded via her profile on X, formerly Twitter, writing, "It's a scam!"
The singer/songwriter, who died last July from cardiac arrest, was left as the sole heir to Graceland, which has since passed to her daughter, actress Danielle Riley Keough.
Danielle filed a 60-page lawsuit against Naussany Investments on May 15, alleging that her mother never borrowed money from the firm.
The lawsuit states, “These documents are fraudulent."
In addition, on Tuesday, the Shelby County Register of Deeds office also said that there is no record of a deed related to the Graceland Estate on file.
No one from Naussany Investments was in attendance during the Wednesday court session, according to News Channel 3 Memphis.
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