Judge delays sale of Elvis Presley's Graceland, suggests granddaughter Riley Keough could win fraud case

Shelby County Chancellor Joe Dae Jenkins said the "loss of the real estate would be considered irreparable harm.”

A Tennessee judge has issued a temporary injunction preventing a foreclosure auction of Elvis Presley’s Graceland home one day before it was set to go on sale, local Memphis news outlet 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," Shelby County Chancellor Joe Dae Jenkins said on Wednesday, per the outlet.

Jenkins explained that the notary whose signature appears on the property’s 2018 Deed of Trust stated in a sworn affidavit that she did not notarize the signature of the late Lisa Marie Presley, the singer's daughter, which raises concerns about the legitimacy of both the deed and her signature.

Sign up for Entertainment Weekly's free daily newsletter to get breaking TV news, exclusive first looks, recaps, reviews, interviews with your favorite stars, and more.

<p>GAB Archive/Redferns</p> Graceland

GAB Archive/Redferns


Related: Priscilla Presley says she and Riley Keough were 'never' on bad terms over Lisa Marie's estate

Naussany Investments & Private Lending has claimed that Lisa Marie, who died in 2023, signed over a Deed of Trust in order to secure a $3.8 million loan that listed the property as collateral and failed to pay it back.

However, actress Riley Keough — who is the granddaughter of Elvis, daughter of Lisa Marie, and sole beneficiary of the family estate — accused the company’s documents of being “fraudulent” in a 60-page lawsuit filed in Shelby County Chancery Court on May 15. The complaint, which was obtained in full by WREG, states in part, “Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments."

Gregory Naussany, a representative of the Florida-based company, wrote in a statement to the court on Tuesday that “I respectfully deny the allegations made by Danielle Riley Keough,” NBC News reports. He continued, “Naussany Investments & Private Lending is prepared to provide evidence and arguments to demonstrate the relief sought is not justified in this case.”

Related: Riley Keough recalls the last time she saw mom Lisa Marie Presley and 'how beautiful she looked'

During Wednesday's court hearing, Jenkins also noted that Keough would likely be "successful" in the case if her lawyer, Jeff Germany, could "prove the fraud that has been alleged," reports NBC.

He also maintained that the company’s potential sale of Graceland would not be harmed “by delaying the trial" until "we can have adequate discovery [and] allow them to file an answer and provide a defense to the claim that he’s made."

Jenkins later added, "The public interest is best served, particularly here in Shelby County — for Graceland is a part of this community, well loved by this community and, indeed, around the world.”

Read the original article on Entertainment Weekly.