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Elvis Presley's historic house Graceland set to be sold off at a foreclosure auction this week - as his granddaughter Riley Keough challenges 'fraudulent' sale
Graceland, the former home and burial site of the legendary Elvis Presley, is set to be sold off at a foreclosure auction this Thursday.
According to a legal notice published this month, Graceland and surrounding land on Elvis Presley Boulevard will be auctioned off for cash to the highest bidder at Shelby County Courthouse on May 23, as per WREG-TV News. According to the legal notice Riley's mother, and Elvis' only child, the late Lisa Marie Presley, allegedly signed a Deed of Trust in 2018 in order to secure a $3.8 million loan, using Graceland as collateral. Today, the property at 3763 Elvis Presley Blvd stands as one of America's most famous musical landmarks, which was acknowledged in 1991 when it was added to the American National register of Historic Places.
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