Judge blocks foreclosure auction of Elvis Presley's Graceland
Thursday, 23 May 2024 A judge has blocked the auction of Elvis Presley's former home, by a company that claimed his estate failed to repay a loan which used the property as collateral.
After the late singer’s family declared it was “fraudulent”, the planned auction of Elvis Presley’s iconic Graceland mansion has been stopped by a judge.
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Riley Keough Attempts to Save Graceland , From Being Sold.
Keough, the granddaughter of Elvis Presley, has
filed a legal complaint against Naussany Investments & Private Lending, 'The Guardian' reports.
The complaint alleges that the private investment firm is attempting a "non-judicial" sale of Graceland.
In Sept. 2023, the firm filed a lawsuit against the estate of Keough's mother, Lisa Marie Presley.
Lisa Marie, who died in January
of that year, allegedly owed the firm
$3.8 million and used Graceland as collateral.
However, Keough says that
Naussany's claims are "fraudulent." .
Lisa Marie Presley never borrowed money
from Naussany Investments and never gave
a deed of trust to Naussany Investments, Riley Keough, via complaint.
Keough goes on to say that the documents "purporting to evidence such a loan … are forgeries.".
A public notice was posted on May 19 indicating that
Graceland will be auctioned in Memphis on May 23.
A public notice was posted on May 19 indicating that
Graceland will be auctioned in Memphis on May 23.
Keough's complaint prompted a judge
to file a temporary restraining order.
A hearing will take place on May 22
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Elvis Presley's Memphis home is staying in the family ... a judge just blocked the scheduled auction of Graceland by approving the restraining order Elvis' granddaughter, Riley Keough, requested.
Elvis Presley's granddaughter, Riley Keough, is fighting tooth and nail to prevent Graceland from being sold in a foreclosure auction -- a move she claims is based on fraudulent documents.