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Valued Contributor
Posts: 560
Registered: ‎05-07-2015

News sources are reporting that Graceland is in foreclosure and is scheduled to be auctioned off at the Shelby County courthouse next week. It was reported that Elvis' granddaughter, Riley Keough, has hired attorneys to block the auction. I'm in shock! I was just there week before last and all was well. It was a busy day of tours, people everywhere. I loved every minute of our tour. It's a beautiful mansion and the grounds are amazing. The exhibits of memorabilia are so well done. The memorial garden where Elvis and his family are buried is especially touching. I hope this is worked out and it remains in the family and open for tours to the public. 

In person, the light-filled living room and adjoining music room are just stunning....


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Esteemed Contributor
Posts: 7,672
Registered: ‎06-09-2010

Re: Graceland in foreclosure?

 

Presley’s legendary Graceland mansion is on the verge of being sold at a foreclosure auction on Thursday — sparking a dramatic legal battle from his granddaughter, Riley Keough, who called the pending sale “fraudulent.”

A notice from Shelby County Courthouse states that Graceland and its surrounding property in Memphis, Tennessee will be auctioned off to the highest bidder for cash on  hand.

 
 

Keough, 34, the current owner of the property and granddaughter of the King of Rock ‘n’ Roll, is fiercely contesting the sale. She filed a lawsuit calling the auction a sham, and on Monday, her attorney secured a temporary restraining order.

An injunction hearing is set for Wednesday.

 

A source told The Post that Keough is “traumatized” at what has unfolded and “never thought that a historic piece of property could even be considered to go into the hands of any random stranger.”

 
Visitors queue to enter the Graceland mansion of Elvis Presley on August 12, 2017 in Memphis, Tennessee. AFP via Getty Images
Visitors queue to enter the Graceland mansion of Elvis Presley on August 12, 2017 in Memphis, Tennessee. AFP via Getty Images© Provided by New York Post
 
Rock and roll singer Elvis Presley strolls the grounds of his Graceland estate in 1957. Michael Ochs Archives
 

 

 

 

 
 
 
 
 
 
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Lisa Marie is pictured with her three daughters. Rachman, Chad
 

 
Lisa Marie Presley’s daughters Riley, Harper and Finley inherited Graceland after their mother’s death. AP
 

 

 


 
 
 
 
 

 

 
Elvis’s gold-appointed living room. Getty Images
 

 
The pool room at the Memphis estate. Getty Images
 

 

 

 

 


 
Graceland’s dining room. Getty Images
 

 

 

 

 

 
Honored Contributor
Posts: 10,219
Registered: ‎06-13-2010

Re: Graceland in foreclosure?

😮WOW! I understand how these things happen, but my question is WHY?🤷‍♀️ This is such an ICONIC symbol of American music history that has been enjoyed by fans for decades! I do not understand the business decisions, but hope when the legal dust settles, it will be preserved as is, and remain open to the public!🤞🤞 I suppose it will just be changing hands.🤔 If not, it had an AMAZING run!!!😁 I have a friend that was married there many sunsets ago because her husband was a HUGE fan of all things ELVIS, and his memorabilia.🥰 My dear mother was a serious fan as well.🥰 

 

How EXCITING that you were able to visit, and experience such a magical place!!!❤  Have your feet touched the ground yet?😃 I would LOVE💝 to be able to tour it some day.🥰

 

Love❤ ELVIS or not, he will ALWAYS be the devilishly handsome KING of rock and roll!!!❤❤❤

 

~~~All we need is LOVE💖

 

 

 

 

Honored Contributor
Posts: 10,219
Registered: ‎06-13-2010

Re: Graceland in foreclosure?

@elated I have never seen these photos!🥰 THANK you SO much for caring to share these BEAUTIFUL glimpses of Elvis's life!🤗 That is a VERY handsome photo of him! Whew!🥰

 

 

~~~All we need is LOVE💖

Trusted Contributor
Posts: 1,464
Registered: ‎02-02-2021

Re: Graceland in foreclosure?

Graceland should be considered a national treasure..

Wish I coul afford it..I probably can't even afford the gardening fees.

 

Sure hope it doesn't have to be sold.

Honored Contributor
Posts: 16,494
Registered: ‎03-09-2010

Re: Graceland in foreclosure?

[ Edited ]

Oh that's too bad!  I hope everything works out for the family.

 

My only time at Graceland was when a friend and I were visiting another friend who lived in Memphis.  It was 1970 and we were 15 and not yet driving.  

 

My friend's mother offered to drive us to see Graceland.  At the time Elvis was still alive but he was not at home that day.  We stopped the car on the side of the road in front of the gates (it had the musical notes on it) and took some photos.

 

 My friend's mom started to talk to a caretaker on the other side of the fence and he offered to give us all a ride on his golf cart around the property.  We jumped at the chance !  LOL!  We saw the house up close and some horses off to one side in a fenced area....we were the only ones arund then.

 

 

This was before any museum, etc.  The road where Graceland was at the time was not built up either and I'm sure it must be today.

Trusted Contributor
Posts: 1,528
Registered: ‎03-11-2010

Re: Graceland in foreclosure?

@haddon9  You were fortunate to visit Graceland when you did. It's surrounded by a trashy neighborhood now. Definitely no more beautiful horse farms. 

Esteemed Contributor
Posts: 5,331
Registered: ‎01-09-2011

Re: Graceland in foreclosure?

Something is wrong with this picture! A property just doesn't suddenly go into foreclosure. It takes awhile. The granddaughter who is running the show either isn't business savvy or is getting really bad advice, or both. 

"Cats are poetry in motion. Dogs are gibberish in neutral." -Garfield
Honored Contributor
Posts: 8,294
Registered: ‎05-09-2010

Re: Graceland in foreclosure?

The report this morning said that The daughter Lisa took out a 3.8 million dollar loan against the property and never paid it back. The grand daughter is saying the signatures were forged, while admitting the signature looks similar. I would think that would be easy enough to prove. Where did the loan proceeds go? The money has to be deposited somewhere.
Always remember that you are absolutely unique. Just like everyone else. Margaret Mead
Honored Contributor
Posts: 39,071
Registered: ‎08-19-2010

Re: Graceland in foreclosure?

To bad Colonel Tom isn't alive. LOL  He would be right there in the fore front. Kicking hiney every which way.

 

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