Stories

Elvis Presley’s Granddaughter Fights In Court To Avoid Foreclosure Auction Of Graceland Estate

ADVERTISEMENT

The Presley family is embroiled in a legal battle over Elvis Presley‘s renowned Memphis estate, Graceland. The iconic property, which includes the famous eight-bedroom mansion purchased in 1957 for a little over $100,000, is set to be sold at a foreclosure auction soon.

Elvis’ granddaughter, Riley Keough, has filed a lawsuit to stop the investment firm in charge of the sale as she alleged that their action was fraudulent. Riley claims the proposed foreclosure auction is not legitimate and seeks legal intervention.

ADVERTISEMENT

A glimpse into the Graceland Estate foreclosure auction

Earlier this month, a public notice was posted regarding the foreclosure sale of the Memphis estate. The notice detailed a Missouri-based company, Naussany Investments and Private Lending, claims that Lisa Marie Presley, the late daughter of Elvis Presley, signed a Deed of Trust in 2018 to secure a $3.8 million loan, using Graceland as collateral.

ADVERTISEMENT

RELATED: Lisa Marie Presley Honored At Graceland On 56th Heavenly Birthday

According to the company, the loan remained unpaid until Lisa Marie’s death in 2023 at 54. Due to the outstanding debt, Naussany Investments and Private Lending explained that they had no choice but to proceed with the foreclosure and put the historic property up for sale.

What we know about the Graceland auction and Riley’s part in it

In response to the public notice, Riley filed a detailed lawsuit on May 15 in Shelby County Chancery Court. She contended that her mother, Lisa Marie, had never borrowed any money from Naussany Investments, which she argued was not a legitimate com pany.

The 34-year-old alleged that the signatures attributed to her late mother on the deed were forged. To support her claim, she pointed out that the notary public listed on the documents had denied ever notarizing Lisa Marie’s signature or meeting her in person. Riley stated that the discrepancy further demonstrated the fraudulent nature of the transaction.

Show comments
Share
Published by

Recent Posts

Legendary Fitness Icon Richard Simmons Dies At 76

Richard Simmons died on July 13 at the age of 76. Simmons had been found…

5 hours ago

Kevin Bacon Wore Elaborate Disguise To Spend The Day As Average Person

Through just six steps, anyone in Hollywood is linked to Kevin Bacon in some way…

15 hours ago

‘Jaws’ Deleted Scene Was A Gory Sight Of A Child Being Eaten

Steven Speilberg’s 1975 release of Jaws introduced the franchise’s fans to a terrifying world of…

1 day ago

‘Knots Landing’ And ‘General Hospital’ Star Doug Sheehan Dies At Age 75

On June 29, Doug Sheehan passed away at the age of 75. He died peacefully…

1 day ago

Inside Shelley Duvall’s Tumultuous Experience Filming ‘The Shining’

The late Shelley Duvall is mostly remembered by fans for playing Wendy Torrance in director…

1 day ago

Prior To Her Death, Shelley Duvall Had “So Much Fun” In 2023 Acting Comeback

Bolstered by director Robert Altman, Shelley Duvall exploded onto the scene in the '70s, earning…

1 day ago