It looks like someone tried to steal Graceland

📆 5/23/2024 8:44 PM
📰 CNN

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 95%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

We can’t be 100% sure that an obscure lending company just tried to steal Graceland. But a Tennessee judge on Wednesday said, essentially, it sure looks like that’s what happened.

It is a truly bananas series of events that led to Graceland, a beloved tourist attraction in Memphis, getting pulled from the auction block just one day before it was scheduled for a foreclosure sale.

Elvis Presley’s family home — the second most-visited residence in America after the White House — was set to go up for auction this Thursday, under the pretext that the late singer’s daughter, Lisa Marie Presley, who died in 2023, failed to pay back a $3.8 million loan she’d secured from a private lender called Naussany Investments and Private Lending. Naussany claimed that the house was part of the collateral on that loan, and payment was due, so get ready to kiss Graceland goodbye.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Company that tried to force sale of Elvis Presley's Graceland being investigated by Tennessee AGJon Schuppe is an enterprise reporter for NBC News, based in New York.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Judge in Tennessee blocks effort to put Elvis Presley's former home Graceland up for saleA judge on Wednesday said Elvis Presley's estate could be successful in arguing that a company's attempt to auction Graceland is fraudulent as he halted a forec
Source: KUTV2News - 🏆 281. / 63 Read more »