Graceland up for foreclosure auction, but Elvis heir claims fraud
Graceland will be sold at a foreclosure sale Thursday, but Elvis Presley’s granddaughter is fighting the sale with a lawsuit, claiming fraudulent.
According to WREG, a temporary restraining order was granted Monday, per the attorney for heir Danielle Riley Keough.
An injunction hearing is set for Wednesday.
A notice published this month in the Commercial Appeal states Graceland and surrounding acreage on Elvis Presley Boulevard is set to be auctioned off for cash to the highest bidder on the Shelby County Courthouse.
Per Fox 13, a Missouri company named Naussany Investments & Private Lending LLC presented court documents claiming that Lisa Marie Presley, the former owner of Graceland prior to her death in 2023, borrowed $3.8 million and gave a deed of trust using Graceland as collateral.
The company, per the report, claims Lisa Marie Presley never paid back that money before her death.
In a 60-page lawsuit, Keough – Lisa Marie Presley’s daughter – claims her mother never borrowed any money from the company.
“These documents are fraudulent,” the lawsuit states, claiming Lisa Marie Presley’s signatures on the deed are forgeries, and that Naussany Investments is not a real entity. The notary denied she notarized Lisa Marie Presley’s signature or ever met her, per the suit.
Meanwhile, it appears to be business as usual at Graceland.
The official web site states Graceland is open daily for tours and tour tickets are available to be purchased.
On July 4-6, Graceland Manion will be lit in red, white, and blue as it celebrates the nation’s independence during its annual All-American Weekend. The weekend includes a Memphis Music Salute; an Elvis tribute concert featuring Cote Deonath; a gospel brunch with the Tennessee Mass Choir; plus, the All-American Party on July 5th celebrating the 70th Anniversary of Elvis’ groundbreaking hit “That’s All Right” with Elvis-themed fireworks! Tickets and hotel packages are available at HERE.
Elvis Week 2024 marks the 47th anniversary of Elvis’ passing, with nine days of events, Aug. 9-17, celebrating Elvis’ life and legacy.
Mark Heim is a reporter for The Alabama Media Group. Follow him on Twitter @Mark_Heim. He can be heard on “The Opening Kickoff” on WNSP-FM 105.5 FM in Mobile or on the free Sound of Mobile App from 6 to 9 a.m. daily.