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VisitRiley Keough Fights to Block Graceland Foreclosure Auction in Memphis
May 21, 2024, 11:41 AM
Elvis Presley's historic home, Graceland, is set to be sold at a foreclosure auction this week in Memphis, Tennessee. However, his granddaughter, Riley Keough, is attempting to block the sale, alleging that the foreclosure is based on fraudulent claims. Keough, who inherited the estate after her mother Lisa Marie Presley's passing last year, has filed a lawsuit to stop the auction. She contends that the company behind the sale is illegitimate and has no rights to the property. The company claims that Lisa Marie Presley borrowed millions of dollars and used Graceland as security for the loan. The court-approved sale is scheduled for Thursday.
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Markets
Court rules against Riley Keough • 50%
Court rules in favor of Riley Keough • 50%
Court documents and official rulings publicly released
No • 50%
Yes • 50%
Public property records and media reports
No significant public support actions occur • 50%
Significant public support actions occur • 50%
Media reports and social media monitoring
Company files for bankruptcy • 25%
Company remains financially stable • 25%
Company suffers financial losses • 25%
Company profits increase • 25%
Company financial statements and legal documents
Converted into a public museum or trust • 34%
Owned by Riley Keough • 33%
Sold to a third party • 33%
Court documents and property records
Property is revalued due to historical significance • 25%
Property value increases • 25%
Property value decreases • 25%
Property value remains stable • 25%
Real estate market analysis and property valuation reports