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Judge in Tennessee blocks effort to put Elvis Presley's former home Graceland up for sale

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Tennessee News

Lawsuits,General News,TN State Wire

A judge has blocked the auction of Graceland by a company that claimed his estate failed to repay a loan that used the property as collateral. Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction during a hearing Wednesday. An auction had been scheduled for Thursday this week.

FILE - Fans wait in line outside Graceland Tuesday, Aug. 15, 2017, in Memphis, Tenn. The granddaughter of Elvis Presley is fighting plans to publicly auction his Graceland estate in Memphis after a company tried to sell the property based on claims that a loan using the king of rock ’n’ roll’s former home as collateral was not repaid.

Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday this week. Presley’s granddaughter A public notice for a foreclosure sale of the 13-acre estate in Memphis 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,

 

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