ELVIS Presley's historic home Graceland may be sold at a foreclosure auction later this week if appeals by surviving family members go unheard. A temporary restraining order was granted on Monday by a Memphis, Tennessee court to halt the sale. Presley's granddaughter, actress Riley Keough, is fighting the case by claiming that the company behind the foreclosure had no right to it in the first place.
A notice went up this month noting that Graceland and its surrounding areas would be auctioned off to the highest bidder in front of the Shelby County Courthouse on May 23, according to local CBS affiliate WREG . The company behind the motion, called Naussany Investments and Private Lending, says that Keough's mother, Lisa Marie Presley, took out a $3.8 million loan using the property as collateral.
She signed a Deed of Trust to secure the loan in 2018, Naussany Investments has alleged. They claim Lisa Marie never paid the debt back before her untimely death at the age of 54 in January 2023. Keough says that the loan is fake and was not executed by her mother.
“These documents are fraudulent,” the lawsuit states. But Keough claims that the signatures on the deed are forgeries and goes even further to allege that Naussany Investments is not a real entity. Information about the company online is almost nonexistent and its telephone number was disconnected when local reporters reached out.
In the lawsuit, she says the notary involved in the deed has denied notarizing Lisa Marie's.
