Montgomery, Alabama
FILE – Fans wait in line outside Graceland Tuesday, Aug. 15, 2017, in Memphis, Tenn. A Tennessee judge on Wednesday, May 22, 2024, blocked the auction of Graceland, the former home of Elvis Presley, by a company that claimed his estate failed to repay a loan that used the property as collateral.
A public notice for a foreclosure sale of the 13-acre estate posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Keough, an actor, inherited the trust and ownership of the home after the death of her mother, Lisa Marie Presley, last year.
Neither Keough nor lawyers for Naussany Investments were in court Wednesday. Keough’s attorney, Jeff Germany, said outside of court that he has not had direct contact with representatives from Naussany.
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Elvis Presley's granddaughter fights company's attempt to sell Graceland estateThe granddaughter of Elvis Presley is fighting plans to publicly auction his Graceland estate in Memphis after a company attempted to sell the property based on claims that a loan using it as collateral was not repaid.
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Elvis Presley's granddaughter fights company's attempt to sell Graceland estateThe granddaughter of Elvis Presley is fighting plans to publicly auction his Graceland estate in Memphis after a company attempted to sell the property based on claims that a loan using it as collateral was not repaid.
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Elvis Presley's granddaughter fights company's attempt to sell Graceland estateThe granddaughter of Elvis Presley is fighting plans to publicly auction his Graceland estate in Memphis after a company attempted to sell the property based on claims that a loan using it as collateral was not repaid
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