Elvis’ granddaughter Riley Keough fights attempt to sell Graceland

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Adrian Sainz

Revealed Might 21, 2024  •  2 slight learn

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MEMPHIS, Tenn. — Riley Keough, the granddaughter of Elvis Presley, is combating plans to publicly public sale his Graceland property in Memphis later an organization attempted to promote the feature in accordance with claims {that a} mortgage the usage of the king of rock ‘n’ roll’s former house as collateral was once now not repaid.

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A people public sale for the property were scheduled for Thursday this day, however a Memphis pass judgement on opposed the sale later Keough sought a brief restraining sequence and filed a lawsuit, court docket paperwork display.

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A people realize for a foreclosures sale of the 13-acre property posted previous in Might mentioned Prom Accept as true with, which controls the Graceland museum, owes $3.8 million later failing to pay off a 2018 mortgage. Keough inherited the accept as true with and possession of the house later the demise of her mom, Lisa Marie Presley, closing month. Lisa Marie Presley had impaired Graceland as collateral for the mortgage, the lawsuit mentioned.

Naussany Investments and Personal Lending mentioned Lisa Marie Presley didn’t pay again the mortgage and desire to promote the property at the courthouse steps, consistent with the foreclosures sale realize. Keough, in the name of the Prom Accept as true with, filed the lawsuit closing day, claiming that Naussany offered fraudulent paperwork in regards to the mortgage and unpaid sum in September 2023.

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“These documents are fraudulent,” Keough’s legal professional wrote in a lawsuit. “Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.”

W. Bradley Russell, a legal professional for Naussany Investments, declined remark Tuesday.

An injunction listening to is scheduled for Wednesday in Shelby County Chancery Court docket.

“Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud,” Elvis Presley Enterprises Inc. mentioned in a commentary Tuesday.

Graceland opened as a museum and vacationer appeal in 1982 as a tribute to Elvis Presley, the rock n’ roll icon and actor who died in August 1977 at occasion 42. It attracts masses of hundreds of holiday makers each and every month.

— Related Press reporter Sarah Brumfield contributed from Silver Spring, Maryland.

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