Elvis Presley’s Graceland Foreclosure a ‘Scam’ Says Priscilla Presley

<p id=”par-1_59″><a href=”https://www.cheatsheet.com/tag/elvis-presley/”>Elvis Presley</a>‘s Graceland is reportedly in foreclosure. The historic Memphis home is in the spotlight after a legal notice shared that its sale is imminent. Priscilla Presley calls the sale a “scam” while Riley Keough, Presley’s granddaughter, fights back with a lawsuit, saying claims made by a company that says it is authorized to conduct this sale are fraudulent.</p>

<h2 class=”wp-block-heading” id=”h-will-graceland-fall-to-foreclosure-priscilla-presley-and-riley-keough-say-no”>Will Graceland fall to foreclosure? Priscilla Presley and Riley Keough say no</h2>

<p id=”par-2_50″>On May 20, it was reported that Elvis Presley’s <a href=”https://www.cheatsheet.com/entertainment/elvis-presley-hidden-secrets-jungle-room-sessions.html/”>Graceland home</a> would be sold in a foreclosure sale. His granddaughter, Riley Keough, trustee of the Promenade Trust, taking over for her late mother, Lisa Marie Presley, seeks to block Naussany Investments & Private Lending LLC from selling the family home.</p>

<p id=”par-3_23″>The sale is reportedly scheduled for Thursday, May 23. In the complaint, Keough claims the LLC may not even be “a real entity.”</p>

<p id=”par-4_60″>In a<a href=”https://www.commercialappeal.com/public-notices” target=”_blank” rel=”noreferrer noopener”> public notice</a> dated May 19, 2024, Naussany Investments & Private Lending LLC posted details of what they allege was a loan Lisa Marie Presley took for $3,800,000 that was never paid back before her 2023 death. Lisa Marie reportedly gave the LLC Graceland’s deed as collateral against the loan. To collect, the LLC plans on selling the property.</p>

<p id=”par-5_51″>“Therefore, on May 23, 2024, at 11:00 a.m. at the front of the Shelby County Courthouse, 140 Adams Ave, Memphis, TN 38103, the undersigned will sell the property described in said Deed of Trust, Herein after described at public auction to the highest and best bidder for cash,” the notice reads.</p>

<p id=”par-6_34″>However, Keough filed<a href=”https://wreg.com/wp-content/uploads/sites/18/2024/05/Riley-Keough-Naussany-Graceland-lawsuit.pdf” target=”_blank” rel=”noreferrer noopener”> a 60-page lawsuit against Naussany Investments</a> on May 15 in Shelby County Chancery Court, claiming that Lisa Marie never borrowed money from the company. The lawsuit states, “These documents are fraudulent.”</p>

<p id=”par-7_40″>Thus, Priscilla Presley, Elvis Presley’s ex-wife and Lisa Marie Presley’s mother, posted a message on her<a href=”https://www.instagram.com/p/C7N1a7yNki4/” target=”_blank” rel=”noreferrer noopener”> Instagram account</a> refuting details of the foreclosure. She wrote in big red letters across a photo of the historic Memphis home, “It’s a scam!”</p>

<h2 class=”wp-block-heading” id=”h-graceland-statement-calls-claims-of-foreclosure-fraudulent”>Graceland statement calls claims of foreclosure ‘fraudulent’</h2>

  Katy Perry and Orlando Bloom’s Engagement Is ‘Fragile,’ Psychologist Says: ‘Marriage Might Be Too Complex’

<blockquote class=”instagram-media” data-instgrm-captioned data-instgrm-permalink=”https://www.instagram.com/reel/C7N1a7yNki4/?utm_source=ig_embed&utm_campaign=loading” data-instgrm-version=”14″ style=” background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:540px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% – 2px); width:calc(100% – 2px);”><div style=”padding:16px;”> <a href=”https://www.instagram.com/reel/C7N1a7yNki4/?utm_source=ig_embed&utm_campaign=loading” style=” background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;” target=”_blank” rel=”noopener”> <div style=” display: flex; flex-direction: row; align-items: center;”> <div style=”background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;”></div> <div style=”display: flex; flex-direction: column; flex-grow: 1; justify-content: center;”> <div style=” background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;”></div> <div style=” background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;”></div></div></div><div style=”padding: 19% 0;”></div> <div style=”display:block; height:50px; margin:0 auto 12px; width:50px;”><svg width=”50px” height=”50px” viewbox=”0 0 60 60″ version=”1.1″ xmlns=”https://www.w3.org/2000/svg” xmlns:xlink=”https://www.w3.org/1999/xlink”><g stroke=”none” stroke-width=”1″ fill=”none” fill-rule=”evenodd”><g transform=”translate(-511.000000, -20.000000)” fill=”#000000″><g><path d=”M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631″></path></g></g></g></svg></div><div style=”padding-top: 8px;”> <div style=” color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;”>View this post on Instagram</div></div><div style=”padding: 12.5% 0;”></div> <div style=”display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;”><div> <div style=”background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);”></div> <div style=”background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;”></div> <div style=”background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);”></div></div><div style=”margin-left: 8px;”> <div style=” background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;”></div> <div style=” width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)”></div></div><div style=”margin-left: auto;”> <div style=” width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);”></div> <div style=” background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);”></div> <div style=” width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);”></div></div></div> <div style=”display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;”> <div style=” background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;”></div> <div style=” background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;”></div></div></a><p style=” color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;”><a href=”https://www.instagram.com/reel/C7N1a7yNki4/?utm_source=ig_embed&utm_campaign=loading” style=” color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;” target=”_blank” rel=”noopener”>A post shared by Priscilla Presley (@priscillapresley)</a></p></div></blockquote> <script async src=”//www.instagram.com/embed.js”></script>

  Astrologer: King Charles & Camilla are two highly compatible water signs

<p id=”par-8_28″>In a statement shared with<a href=”https://wreg.com/news/nation-and-world/graceland-set-for-foreclosure-auction-notice-states-elvis-heir-claims-fraud-fights-sale/” target=”_blank” rel=”noreferrer noopener”> WREG Memphis</a>, Graceland calls claims of the home’s foreclosure “fraudulent.” Subsequently, their message assures fans there is no “sale” of the historic property.</p>

<p id=”par-9_26″>“Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the countersuit has been filed to stop the fraud.”</p>

<p id=”par-10_31″>Riley Keough’s suit against Naussany Investments blocks any proposed sale of the legendary property. Subsequently, Keough asserts Lisa Marie Presley would never have given Graceland as collateral against this reported loan.</p>

<p id=”par-11_65″>“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,” Keough’s complaint thus states.  </p>

<p id=”par-12_68″>Riley Keough’s countersuit claims Lisa Marie’s signature on the paperwork is forged. The document details the loan was signed in Florida in May 2018, but the “purported deed of trust” was never filed within Shelby County, where Graceland is located. Furthermore, the notary who reportedly stamped the paperwork signed an affidavit claiming she never met Lisa Marie. Nor did she sign off on any promissory note for Graceland.</p>

<h2 class=”wp-block-heading” id=”h-how-long-has-the-presley-family-owned-graceland”>How long has the Presley family owned Graceland?</h2>

<figure class=”wp-block-image size-large” id=”emb-1″><img decoding=”async” width=”1800″ height=”900″ src=”https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=1024&h=512&strip=all&quality=89″ alt=”The Jungle Room in Elvis Presley’s Graceland home in Memphis, Tennessee” class=”wp-image-3665867″ srcset=”https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg 1800w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=640&h=320 640w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=1024&h=512 1024w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=768&h=384 768w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=1536&h=768 1536w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=620&h=310 620w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=300&h=150 300w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=200&h=100 200w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=902&h=451 902w, https://www.cheatsheet.com/wp-content/uploads/2024/05/the-jungle-room-in-elvis-presleys-graceland-home.jpg?w=120&h=60 120w” sizes=”(max-width: 1800px) 100vw, 1800px”><figcaption class=”wp-element-caption”>The Jungle Room in Elvis Presley’s Graceland home in Memphis, Tennessee | Paul Natkin/Getty Images</figcaption></figure>

  Prince Harry’s Subtle ‘Snub’ to the Royal Family About His Address

<div class=”related-article related-article–simple”>
<span class=”related-article-flag”>Related</span>
<p class=”related-article__title”>
<a href=”https://www.cheatsheet.com/entertainment/graceland-heart-soul-elvis-legacy-says-priscilla-presley.html/”>
Graceland Is the ‘Heart and Soul’ of Elvis’ Legacy Says Priscilla Presley </a>
<p id=”par-13_20″>Elvis Presley purchased Graceland in the Whitehaven section of Memphis, Tennessee, in 1957.He placed a $1,000 deposit down as collateral.</p>

<p id=”par-14_36″>On May 16, 1957, his parents Vernon and Gladys, and grandmother Minnie Mae moved in while Elvis continued to film “Jailhouse Rock.” Presley did not officially move into the property until June of that same year.</p>

<p id=”par-15_52″>When Presley first purchased Graceland, he lived at the home with his immediate family members. Priscilla and <a href=”https://www.cheatsheet.com/entertainment/lisa-marie-presley-elvis-would-have-understood-path-how-he-record.html/?swcfpc=1″>Elvis’ daughter Lisa Marie Presley</a>, as well as Elvis’ Aunt Delta Presley Biggs, Vernon’s sister, also lived in the home. She resided in the mansion as it <a href=”https://www.cheatsheet.com/entertainment/priscilla-presley-opening-graceland-public-nerve-wracking-frightening.html/”>opened for tours</a> and until her 1993 death.</p>

<p id=”par-16_35″>The<a href=”https://www.graceland.com/about-graceland” target=”_blank” rel=”noreferrer noopener”> official Graceland site</a> reports Lisa Marie Presley inherited the property in 1977 upon <a href=”https://www.cheatsheet.com/entertainment/elvis-presley-graceland-cook-believed-memphis-mansion-haunted-king-rock-roll-after-death.html/?swcfpc=1″>her father’s death</a>. Elvis’ will stated Lisa Marie’s inheritance would be held in trust until her twenty-fifth birthday, February 1, 1993.</p>

<p id=”par-17_33″>In 1993, Lisa Marie formed a new trust named The Elvis Presley Trust to manage the family’s business entities and finances. Her mother, Priscilla Presley, and the National Bank of Commerce were co-trustees.</p>

<p id=”par-18_26″>Upon Lisa Marie’s death in January 2023, Riley Keough became the sole trustee of <a href=”https://www.cheatsheet.com/entertainment/elvis-presley-uncovering-secrets-behind-graceland-candlelight-vigil.html/”>the estate</a>. Her sisters Harper and Finley, own 15% of the entities.</p>

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *