A fierce battle is brewing over the future of Elvis Presley's Graceland mansion after a legal notice issued earlier this month indicated the historic property would be going up for foreclosure auction on Thursday. The legal notice states that Lisa Marie Presley, Elvis’s daughter, allegedly signed a Deed of Trust in 2018, securing a $3.8 million loan via a company called Naussany Investments and Private Lending, using Graceland as collateral.
Riley Keough, Presley’s actress granddaughter and the sole heir to the property, secured a temporary restraining order on the sale Monday, according to WREG, citing an attorney for Keough. An injunction hearing is set for Wednesday. "Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud," Graceland officials said in a statement, according to WREG.
Keough said in a 60-page lawsuit against Naussany Investments that her mother never borrowed any money from the company and that Presley’s signatures on the deed are forgeries. Keogh also alleges that Naussany Investments is not a real entity. "These documents are fraudulent," the lawsuit states. Priscilla Presley, Lisa Marie’s mother and Elvis’s ex-wife, blasted the legal notice on social media. "It’s a scam," she wrote on X.
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: AP - 🏆 728. / 51 Read more »