(TheIndependentStar.com) – Elvis Presley’s emblematic mansion Graceland seems to have been saved after a judge from Shelby County issued an injunction that stopped its impending sale as the estate was scheduled for a foreclosure auction on Thursday.
This action led the involved company to retract its claim, WREG reports.
“The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law. And in being unique, the loss of the real estate would be considered irreparable harm,” Chancellor Joe Dae Jenkins declared on Wednesday morning.
“Graceland is part of this community and well loved by this community and around the world,” he added.
Chancellor Jenkins revealed concerns regarding the authenticity of crucial documents, noting that the notary whose signature appeared on the 2018 Deed of Trust did not recognize Lisa Marie Presley’s signature on the document.
“The notary has said in a sworn affidavit that she did not notarize Lisa Marie Presley’s signature,” he stated, casting doubt on the validity of the deed itself.
Elvis Presley Enterprises responded to the court’s decision.
“As the court has now made clear, there was no validity to the claims. There will be no foreclosure. Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have a best in class experience when visiting his iconic home,” it said.
No representatives from Naussany Investments, the entity that had advertised the foreclosure, were present during the court proceedings.
In response to the judge’s decision, an alleged representative of Naussany Investments conveyed via email:
“Due to the Deed of Trust not being recorded and the loan being obtained in different state, legal action would have to be filed in multiple states and NAUSSANY Investments & Private Lending will not acquire to proceed. That comes from consultation of the lawyers for the company. There was no harm meant on Ms. Keough for her mothers LMP mis habits and mis managing of money. The company will be withdrawing all claims with prejudice.”
Details about Naussany Investments & Private Lending and the individuals associated with it remain obscure, according to the report.
The contention centers around a Deed of Trust allegedly signed by the late Lisa Marie Presley in 2018, which supposedly secured a $3.8 million loan using Graceland as collateral, a claim the Presley family asserts is baseless.
Lisa Marie Presley’s daughter, Danielle Riley Keough, has formally accused Naussany Investments of fabricating these documents, as stated in a comprehensive lawsuit filed on May 15.
The Shelby County Register of Deeds confirmed on Tuesday that it has no records of any deed related to Graceland.
Elvis Presley originally purchased the Graceland mansion in 1957, located in the Whitehaven area of Memphis.
Following her father’s death in 1977, Lisa Marie Presley inherited the property, which was subsequently opened to the public as a museum in 1982.
Lisa Marie Presley passed away in January 2023, leaving her daughter as the heir and trustee of the Promenade Trust.
Graceland remains a significant cultural landmark, attracting approximately 600,000 visitors annually and was recognized last year as the most popular museum in the United States.
Copyright 2024, TheIndependentStar.com
