A judge has halted the auction of Graceland by a company that claimed Elvis Presley s estate failed to repay a loan that used the property as collateral. Shelby County Chancellor
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A Tennessee judge on Wednesday blocked the auction of Graceland, the former home of Elvis Presley, by a company that claimed his estate failed to repay a loan that used the property as collateral.
A judge has halted the auction of Graceland by a company that claimed Elvis Presley's 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. A subsequent statement emailed from someone who appeared to represent the company said it would drop its claim. The Presley estate has argued the claim is fraudulent. Online court records did not immediately show any legal filings suggesting the claim had been dropped. A public notice for a foreclosure sale of the estate posted earlier this month said the trust that controls Graceland owes $3.8 million for a 2018 loan.