Elvis Presley’s granddaughter Riley Keough fights Graceland auction

nme.com:

Elvis Presley’s granddaughter Riley Keough is fighting to halt the court-approved sale of Graceland.The actress and model is the granddaughter of Elvis Presley, and daughter of his only child, Lisa Marie.

She is currently the owner of the iconic 13.8-acre estate in Memphis, Tennessee, known as Graceland, and came into the position following the death of her mother last January.Now, she is fighting to halt the court-approved sale of the residence, and alleges in a new lawsuit that the sale is “fraudulent”.Details shared by NBC News highlight how the case dates back to 2018, when a deed of trust was allegedly signed by Lisa Marie and secured a $3.8million (£2.9m) loan from Naussany Investments and Private Lending LLC in Missouri.The company claims that Graceland was used as collateral in the loan, which was never paid back.However, Keough has been fighting these claims and states that the Tennessee residence shouldn’t go to auction as her mother never signed anything over nor borrowed any money from the company.

The lawsuit, which was filed on May 15, also sees Keough claim that the creditor – identified in a public notice of sale as Naussany Investments and Private Lending LLC – doesn’t exist, and the loan’s notary public never notarised it.She and the rest of Elvis Presley Enterprises also accuse the planned sale of being a scheme by the company and “fraud”.“Elvis Presley Enterprises can confirm that these claims are fraudulent,” said the entity that runs Graceland and assets of the Elvis Presley Trust (via NBC). “There is no foreclosure sale.

Simply put, the counter lawsuit has been filed is to stop the fraud.”The legendary singer first purchased the mansion back in 1957, and lived there until his death in 1977.