Graceland Narrowly Avoids A Potentially Fraudulent Foreclosure Auction

MEMPHIS (CelebrityAccess) — Tennessee’s Legal professional Common introduced on Thursday that his workplace is investigating an organization that tried to promote Graceland, the previous residence of rock icon Elvis Presley, in a foreclosures public sale.

In line with an announcement by Tennessee Legal professional Common Jonathan Skrmetti, the Memphis home-turned museum practically went to public sale after Nausanny Investments and Non-public Lending, LLC claimed that Presley’s daughter, the late Lisa Marie Presley, had didn’t repay a mortgage that used the home for collateral.

Shelby County Chancellor JoeDae Jenkins issued an injunction on Might twenty second, blocking an public sale of the property that was scheduled to happen on Might twenty third, the Related Press reported.

“Graceland is among the most iconic landmarks within the State of Tennessee, and the Presley household have generously shared it with the world since Elvis’s passing,” mentioned Tennessee Legal professional Common Jonathan Skrmetti. “Elvis made Memphis the middle of the music universe, and Graceland stands as a monument to his legacy and a fond remembrance for his household. My workplace has fought fraud towards householders for many years, and there’s no residence in Tennessee extra beloved than Graceland. I’ve requested my attorneys to look into this matter, decide the complete extent of any misconduct that will have occurred, and establish what we are able to do to guard each Elvis Presley’s heirs and anybody else who could also be equally threatened.”

Presley’s granddaughter Riley Keough filed a lawsuit wherein she alleged that Naussany offered fraudulent paperwork concerning the mortgage in September 2023, and refuted the funding firm’s declare that Lisa Marie Presley had obtained a mortgage fron Nausanny.

“Lisa Maria Presley by no means borrowed cash from Naussany Investments and by no means gave a deed of belief to Naussany Investments,” Keough’s lawyer wrote in a lawsuit, obtained by the Related Press.

A rep for Nausanny Investments and Non-public Lending, LLC couldn’t be reached for touch upon the matter.