Elvis Presley’s granddaughter information lawsuit in opposition to ‘fraudulent’ public sale of iconic Graceland mansion

Elvis Presley’s granddaughter information lawsuit in opposition to ‘fraudulent’ public sale of iconic Graceland mansion

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Elvis Presley acquired the 13.8-acre Graceland property in 1957 for a little bit over $100,000. The historic property, which options the long-lasting eight-bedroom Graceland mansion, is now set to be offered at a foreclosures public sale. Nonetheless, Riley Keough, the lavish property’s present proprietor and Elvis’ granddaughter, has contested the sale. This comes after a authorized discover indicated that the property can be offered off to the best bidder on Thursday.

The granddaughter of Elvis Presley is combating plans to publicly public sale his Graceland property in Memphis after an organization tried to promote the property primarily based on claims {that a} mortgage utilizing the king of rock ’n’ roll’s former dwelling as collateral was not repaid. A public public sale for the property had been scheduled for Thursday, Could 23, 2024, however a Memphis choose blocked the sale after Presley’s granddaughter Riley Keough sought a brief restraining order and filed a lawsuit, court docket paperwork present.(AP)

Riley Keough, Elvis’ granddaughter information lawsuit

After the King of Rock ‘N Roll’s demise in 1977, the property was handed on to his daughter Lisa Marie Presley. Upon whose demise, the property was then transferred to Lisa Marie’s eldest daughter, Riley. Following the discover from the Shelby County Courthouse, the 34-year-old filed a lawsuit, calling the public sale “fraudulent.” Forward of the injunction listening to, set for Wednesday, an lawyer for Riley secured her a brief restraining order on the sale.

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The discover claims that Lisa Marie, who died of “bowel obstruction” on January 12 final 12 months, signed a Deed of Belief in 2018. It provides that she allegedly used Graceland as collateral to safe a $3.Eight million mortgage through an organization referred to as Naussany Investments and Personal Lending. The corporate claims that she by no means repaid her mortgage earlier than her demise. On this floor, the plans for Graceland had been initiated by the corporate.

Nonetheless, Riley is strongly contesting the sale of the property situated in Memphis, Tennessee. The 60-page lawsuit states that “these paperwork are fraudulent.” A supply near her instructed New York Put up that she is “traumatised” as she “by no means thought {that a} historic piece of property may even be thought-about to enter the palms of any random stranger.”

As she was granted a brief restraining order, Graceland officers stated in an announcement, “Elvis Presley Enterprises can affirm that these claims are fraudulent. There is no such thing as a foreclosures sale. Merely put, the counter lawsuit has been filed is to cease the fraud,” citing an lawyer for Riley, per WREG.



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