MEMPHIS, Tenn. (AP) — Riley Keough, 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 based mostly on claims {that a} mortgage utilizing the king of rock ’n’ roll’s former house as collateral was not repaid.
A public public sale for the property had been scheduled for Thursday this week, however a Memphis choose blocked the sale after Keough sought a short lived restraining order and filed a lawsuit, court docket paperwork present.
A public discover for a foreclosures sale of the 13-acre property posted earlier in Might stated Promenade Belief, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 mortgage. Keough inherited the belief and possession of the house after the loss of life of her mom, Lisa Marie Presley, final yr. Lisa Marie Presley had used Graceland as collateral for the mortgage, the lawsuit stated.
Naussany Investments and Non-public Lending stated Lisa Marie Presley did not pay again the mortgage and sought to promote the property on the courthouse steps, in line with the foreclosures sale discover. Keough, on behalf of the Promenade Belief, filed the lawsuit final week, claiming that Naussany introduced fraudulent paperwork relating to the mortgage and unpaid sum in September 2023.
“These paperwork are fraudulent,” Keough’s lawyer wrote in a lawsuit. “Lisa Maria Presley by no means borrowed cash from Naussany Investments and by no means gave a deed of belief to Naussany Investments.”
W. Bradley Russell, a lawyer for Naussany Investments, declined remark Tuesday.
An injunction listening to is scheduled for Wednesday in Shelby County Chancery Courtroom.
“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,” Elvis Presley Enterprises Inc. stated in a press release Tuesday.
Graceland opened as a museum and vacationer attraction in 1982 as a tribute to Elvis Presley, the rock n’ roll icon and actor who died in August 1977 at age 42. It attracts lots of of hundreds of tourists every year.
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Related Press reporter Sarah Brumfield contributed from Silver Spring, Maryland.
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