Graceland To Go Under The Auction Hammer Due To Foreclosure Notice

Graceland To Go Under The Auction Hammer Due To Foreclosure Notice

Graceland at Risk: Foreclosure Notice Sparks Legal Battle Over Elvis's Historic Home

The iconic home of the King of Rock and Roll, Graceland, is set to be auctioned to the highest bidder on Thursday, according to a foreclosure notice.

However, the estate’s heir, Danielle Riley Keough, asserts that this notice is a fraudulent scheme.

Following the passing of Lisa Marie Presley in 2023, her daughter, Danielle Riley Keough, became the trustee of Promenade Trust, which owns Graceland. This month, Keough filed a lawsuit alleging that a company named “Naussany Investments & Private Lending LLC” falsely claimed that Presley had borrowed $3.8 million from them and used a Deed of Trust encumbering Graceland as collateral.

“These documents are fraudulent,” Keough’s lawsuit states. She contends that her mother never borrowed money from Naussany Investments and that there is no evidence that the company even exists. The lawsuit also claims that Naussany Investments has scheduled a non-judicial sale of Graceland based on this counterfeit deed for Thursday, May 23.

The two parties are scheduled to appear in court on Wednesday, just a day before the purported auction, to address the legality of the foreclosure notice and the validity of the documents presented by Naussany Investments.

The potential auction of Graceland has ignited concern and outrage among fans and preservationists, who view the estate as a vital piece of rock and roll history and a treasured landmark. As the legal battle unfolds, the future of Graceland remains uncertain, hinging on the outcome of the court's decision.

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OMG this can’t Happen Elvis may be gone but Graceland is his Home no matter What and his family Graceland is our Link to Elvis Always !Save Graceland 👑💖💖💖💖

Bernadette Gaskin

The people of Memphis have seen sense. This will not and cannot happen. Justice has won..

Margaret Taylor

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