Elvis Presley’s Graceland Foreclosure Dispute
Grand daughter Riley Keough Alleges Fraudulent Loan
Riley Keough, granddaughter of Elvis Presley and a successful actor, has filed a legal claim to halt the foreclosure sale of the iconic Graceland mansion in Memphis, Tennessee. Keough alleges that the lender behind the foreclosure used forged signatures on a non-existent loan.
Details of the Claim
Keough's claim, filed in Tennessee civil court, accuses the creditor of fraudulent activity concerning a $3.8 million loan purportedly taken out by Graceland trustees. The suit asserts that the signatures on the loan documents are forged and that the creditor, Naussany Investments and Private Lending LLC, does not exist. Furthermore, the loan's notary public allegedly never notarized the documents.
Statement from Elvis Presley Enterprises
Elvis Presley Enterprises, the organization managing Graceland and the Elvis Presley Trust assets, has called the foreclosure claim a scheme. "Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed to stop the fraud," the statement read.
Legal Proceedings
The lawsuit was filed on Wednesday in Shelby County Chancery Court. It argues that the foreclosure sale, scheduled for Thursday, would be "non-judicial" and based on lien paperwork that violates Tennessee law. A hearing on Keough's claim is set for Wednesday. According to Morton & Germany, the firm representing Keough, a temporary restraining order has been granted. The judge will decide whether to delay the foreclosure sale.
Background on Graceland
Graceland Mansion, purchased by Elvis in 1957, became his home until his death in 1977. It opened to the public as a music history theme park five years later and now attracts approximately 600,000 visitors annually. The mansion, covering nearly 14 acres, has been preserved by Elvis' heirs, including Keough and her late mother, Lisa Marie Presley.
Response from Naussany Investments
Naussany Investments has not responded to requests for comment. Kurt Naussany, named in the lawsuit, claimed by email that he left the firm in 2015 and should not be named in the filing.
Future Implications
Keough, who holds virtual control of Graceland and much of Elvis' estate, is determined to maintain the family's legacy and protect the mansion from fraudulent claims. The outcome of the hearing will be crucial in determining the future of Graceland.
