The King of Rock ‘n’ Roll, Elvis Presley’s renowned Graceland estate, is on the cusp of being cost a foreclosure auction this Thursday, which has actually led Elvis’s granddaughter to eliminate back in a claim.
According to a notification offered by the Shelby County Courthouse in Memphis, Tennesse, Graceland and its surrounding estate are set to be auctioned off on May 2nd in an auction.
In reaction to the notification, Riley Keough, the granddaughter of the late Elvis Presley, has actually called the auction a “sham” and submitted a claim to avoid the estate from being offered.
On Monday, a lawyer representing Keough acquired a short-lived limiting order to avoid the sale, and a junction hearing was set for Wednesday.
Elvis Presley’s Graceland estate, an extremely popular traveler destination and the vocalist’s last resting location, seems headed for a foreclosure auction later on today.
Riley Keough, Elvis’ granddaughter, is resisting with a claim, declaring scams. pic.twitter.com/El75 GHJ5S7
— CBS Mornings (@CBSMornings) May 21, 2024
Per The New York Post:
Elvis Presley’s famous Graceland estate is on the brink of being cost a foreclosure auction on Thursday– stimulating a significant legal fight from his granddaughter, Riley Keough, who called the pending sale “deceptive.”
A notification from the Shelby County Courthouse states that Graceland and its surrounding home in Memphis, Tennessee, will be auctioned off to the greatest bidder for money on May 23, WREG-TV News reported.
Keough, 34, the existing owner of the residential or commercial property and granddaughter of the King of Rock ‘n’ Roll, is increasingly objecting to the sale. She submitted a suit calling the auction a sham, and on Monday, her lawyer protected a momentary limiting order.
An injunction hearing is set for Wednesday.
According to the Guardian, Keough’s mom, Lisa Presley, who passed away in 2015, apparently positioned Graceland as security after getting a loan a $3.8 m loan from Naussany Investments & & Private Lending.
Here’s an image of Elvis in 1957 when he initially purchased the estate:
Elvis Presley at Graceland in 1957, the year he purchased the estate pic.twitter.com/DJflHaTrkI
–. (@Dear_Lonely1) May 21, 2024
The post Elvis Presley’s Iconic Graceland Mansion Up for Auction Amid Foreclosure, Elvis’ Granddaughter Claims Fraud and Fights Back appeared initially on The Gateway Pundit
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