Judge pauses Graceland foreclosure sale

A Tennessee judge yesterday halted the foreclosure sale of Elvis Presley’s Graceland estate by a company claiming the late Lisa Marie Presley used it as collateral in a $3.8 million loan that she failed to repay.

He stressed the importance of delaying any ownership change to the famous Memphis mansion due to its significant cultural value. The 13-acre estate brought in almost $80 million in 2022 from tourism.

The judge added that Elvis’s granddaughter and estate in charge, Riley Keough, is likely to succeed in her lawsuit against the creditor, Naussany Investments. Keough argues that the loan and Lisa Marie’s signatures were forged.

Shortly after, a representative of Naussany told the Associated Press that it would drop its claim.