Elvis Presley’s granddaughter is striving to preserve “The King’s” famous Graceland residence from being auctioned off in a foreclosure sale scheduled for Thursday.
Riley Keough, Presley’s granddaughter and heir, submitted a temporary restraining order on Monday to protect the Tennessee property. An injunction is expected to follow on Wednesday, according to a report referencing the legal proceedings.
A public notice for the foreclosure was issued earlier in the month, claiming that the controlling interest of Graceland owes $3.8 million.
This debt purportedly arises from a 2018 deed of trust allegedly signed by Lisa Marie Presley, Elvis Presley’s sole child, to secure a loan with Naussany Investments and Private Lending, as stated in the legal notice.
“Therefore, on May 23, 2024 at 11:00 a.m. at the front of the Shelby County Courthouse, 140 Adams Ave, Memphis TN 38103, the undersigned will sell the property described in said Deed of Trust and hereinafter described at public auction to the highest and best bidder for cash,” the notice states.
Keough asserts in her lawsuit that her mother, Lisa Marie Presley, never took out the mentioned loan.
“These documents are fraudulent,” her lawsuit states.
Graceland officials concurred with the lawsuit, according to the report.
“Elvis Presley Enterprises can confirm that these claims are fraudulent,” their statement reads. “There is no foreclosure sale. Simply put, the counter lawsuit has been filed to stop the fraud.”
