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Elvis Presley’s ‘Graceland’ Foreclosure Sale Ends As Company Apparently Withdraws Claims
A judge halted foreclosure plans on Graceland, then an investment company ended its efforts.
Shelby County Chancellor JoeDae Jenkins issued a temporary injunction today against the proposed foreclosure auction that had been scheduled for Thursday in Memphis. A public notice for a foreclosure sale of the 13-acre estate posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Later on Wednesday, the Associated Press reported that a statement from someone who appeared to be a representative of the company trying to foreclose said it would drop its claim, which the Presley estate has argued is based on fake documents.
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