Lisa Marie Presley speaks at Graceland on Elvis's birthday The truth behind the company of the failed auction of Elvis Presley ’s beloved home and final resting place, Graceland remains a mystery. Earlier this month, a legal notice confirmed the property and surrounding land would be sold to the highest cash bidder at Shelby County Courthouse on Thursday, May 23. According to the document via WREG-TV News, Lisa Marie Presley , the late only child of Elvis, secured a $3.
8 million loan using Graceland as collateral by signing a Deed of Trust in 2018. The estate’s current owner actress Riley Keough successfully contested the lawsuit after claiming it was a “fraudulent scheme,” and blocked the proposed auction. The loan was said to have been obtained through a Missouri company named Naussany Investments and Private Lending.
Read more: Elvis Presley’s personal Bible up for auction with five-figure asking price Riley Keough was able to halt the auction of Graceland (Image: Getty) They alleged that Lisa Marie failed to repay the loan before her death in January 2023. However, Riley claimed the investment company presented fraudulent documents regarding the loan and that her late mother’s signature had been forged. “Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments,” the actresses’ lawyer said in the 60-page lawsuit.
On Wednesday, Shelby County Chancellor JoeDae Jenkins halted the sale, which was.
