Elvis Presley’s Granddaughter Fights Sale Of Historic House Graceland As It Approaches Foreclosure Auction
Graceland, the iconic home and burial site of Elvis Presley, faces a foreclosure auction this Thursday.
Elvis’ granddaughter, actress Riley Keough, 34, currently owns the property and is challenging the sale with a lawsuit, calling it “fraudulent.”
The legal notice claims that Riley’s mother, the late Lisa Marie Presley and Elvis’ only child, allegedly signed a Deed of Trust in 2018 to secure a $3.8 million loan, using Graceland as collateral.
Naussany Investments and Private Lending, a Missouri company, claims Lisa Marie failed to repay a loan before her death at 54 last year. However, a lawsuit filed by her daughter Riley on May 15 in Shelby County Chancery Court disputes this allegation.
The dispute asserts that Lisa Marie never borrowed money from the company, Daily Mail reported. “These documents are fraudulent,” the lawsuit states.
Riley contends her mother’s signatures on the deed are forgeries and further alleges that Naussany Investments is not a legitimate company.
The notary listed on the documents also denies notarizing Lisa Marie’s signature or ever meeting her, per the lawsuit.
A legal notice published this month reveals that Graceland and the surrounding property on Elvis Presley Boulevard will be auctioned off for cash to the highest bidder at the Shelby County Courthouse on May 23, according to WREG-TV News.
Riley’s attorney reported that a temporary restraining order on the sale was issued on Monday, with an injunction hearing set for Wednesday.
Elvis’ granddaughter, actress Riley Keough, 34, currently owns the property and is challenging the sale with a lawsuit, calling it “fraudulent.”
The legal notice claims that Riley’s mother, the late Lisa Marie Presley and Elvis’ only child, allegedly signed a Deed of Trust in 2018 to secure a $3.8 million loan, using Graceland as collateral.
Naussany Investments and Private Lending, a Missouri company, claims Lisa Marie failed to repay a loan before her death at 54 last year. However, a lawsuit filed by her daughter Riley on May 15 in Shelby County Chancery Court disputes this allegation.
The dispute asserts that Lisa Marie never borrowed money from the company, Daily Mail reported. “These documents are fraudulent,” the lawsuit states.
Riley contends her mother’s signatures on the deed are forgeries and further alleges that Naussany Investments is not a legitimate company.
The notary listed on the documents also denies notarizing Lisa Marie’s signature or ever meeting her, per the lawsuit.
A legal notice published this month reveals that Graceland and the surrounding property on Elvis Presley Boulevard will be auctioned off for cash to the highest bidder at the Shelby County Courthouse on May 23, according to WREG-TV News.
Riley’s attorney reported that a temporary restraining order on the sale was issued on Monday, with an injunction hearing set for Wednesday.
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