Graceland Foreclosure Sale

SOURCE www.breitbart.com
A judge halted a foreclosure sale of Graceland in Memphis after the Presley estate argued that the company attempting to auction it is using fake documents. The company has agreed to drop its claim. Graceland will continue to operate as a tourist attraction.

Key Points

  • Judge issued a temporary injunction against the proposed auction
  • Presley's granddaughter Riley Keough inherited the trust and ownership of the home
  • Allegations of fraudulent documents presented by Naussany Investments and Private Lending
  • Naussany Investments dropped its claim after a key document issue

Pros

  • Presley estate successful in halting the foreclosure sale
  • Graceland will continue to operate as a tourist attraction

Cons

  • Potential fraudulent attempt to auction Graceland