Court halts sale of Graceland in foreclosure auction

by: Lawrencia Grose, David Royer

Posted: May 22, 2024 / 07:49 AM PDT

Updated: May 22, 2024 / 08:28 AM PDT

MEMPHIS, Tenn. (WREG) — A Shelby County judge issued an injunction Wednesday halting the sale of Graceland, the former home of Elvis Presley, which was set for a foreclosure auction Thursday.

“The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law. And in being unique, the loss of the real estate would be considered irreparable harm,” Chancellor Joe Dae Jenkins said.

Jenkins said the notary whose signature is on the Deed of Trust from 2018 said in a sworn affidavit that she did not notarize Lisa Marie Presley’s signature.

That brings into question the authenticity of the signature and of the Deed of Trust, he said.

The judge’s order delays a trial on the matter, allowing the other side to provide a defense to fraud claims made by the Presley heirs.

Missouri-based Naussany Investments and Private Lending LLC claims that the late Lisa Marie Presley signed a Deed of Trust in 2018 securing a $3.8 million loan using Graceland as collateral.

However, the Presley family says those claims are fraudulent.

Lisa Marie Presley’s daughter and heir to Graceland, actress Danielle Riley Keough, said in a 60-page lawsuit against Naussany Investments filed May 15 that her mother never borrowed any money from the company.

“These documents are fraudulent,” the lawsuit states.

The Shelby County Register of Deeds also said Tuesday that the office has no record on file of a deed related to Graceland.

No one representing Naussany Investments was in court Wednesday.