Thu. Nov 14th, 2024
Graceland foreclosure sale scheduled; Elvis' heir calls fraud

Graceland foreclosure sale scheduled; Elvis’ heir calls fraud

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MEMPHIS, Tenn. – Straight out of a movie which Elvis may have looked to star in, a bizarre plot is unfolding concerning the former home of The King.

A non-judicial sale of Graceland, Elvis’ former home and Memphis landmark, has been scheduled for Thursday, May 23. An alleged 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 encumbering Graceland as security.

The company claims that Presley never paid that debt and has now moved to sell Graceland. But Riley Keough, the granddaughter of Elvis and current owner of Graceland, is fighting back.

Keough claims that the documents from Naussany Investments are false and that Lisa Marie Presley never borrowed money from the company and never gave them the deed of trust to Graceland. But that’s not all that’s false, according to Keough. Graceland’s current owner claims that Naussany Investments & Private Lending LLC isn’t even a real company.

“On information and belief, Naussany Investments & Private Lending LLC is not a real entity. Naussany Investments & Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust (the trust of Keough and formerly of Lisa Marie Presley), the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale,” court records filed by Keough claim.

The lawsuit claims that a person named Kurt Naussany has sent letters to Keough’s attorneys threatening a non-judicial sale of Graceland if the $3.8 million debt wasn’t paid.

Attached to the lawsuit filed on behalf of Keough are the alleged loan to Lisa Marie Presley and the deed of trust. Attorneys for Keough claim that Lisa Marie Presley’s signature has been falsified on those documents. The court records also claim that the notary who supposedly notarized those documents confirmed that she did, in fact, not notarize those documents and never met Lisa Marie Presley.

Keough and attorneys are asking the court to issue a temporary restraining order keeping Naussany Investments or anyone associated with the company from conducting a non-judicial sale of Graceland, order a permanent injunction prohibiting a foreclosure sale and declare the deed of trust to be fraudulent.

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