Elvis Presley's historic Graceland home to be sold to the highest bidder
MEMPHIS, Tenn. (WKRC) - Elvis Presley's iconic Graceland home will be sold to the highest bidder Thursday.
According to WREG, citing a legal notice, Presley's historic home will be sold off at a foreclosure sale on Thursday. Per the outlet, Presley's granddaughter, Danielle Riley Keough, is planning on fighting the sale with a lawsuit, calling the claims "fraudulent."
WREG, citing an attorney for Presley's heir, reported that a temporary restraining order on the sale was granted on Monday. The notice, which was published this month, states that Graceland and the surrounding acreage on Elvis Presley Boulevard will be auctioned off for cash to the highest bidder. The auction will occur on the steps of the Shelby County Courthouse Thursday in Memphis, Tennessee, per the notice.
UPDATE: Judge in Tennessee blocks effort to put Elvis Presley's former home Graceland up for sale
According to WREG, citing the legal notice, Lisa Marie Presley allegedly signed a Deed of Trust in 2018 securing a $3.8 million loan with Naussany Investments and Private Lending, a Missouri-based company. According to WREG, the company claims Presley allegedly used Graceland as collateral.
In a 60-page lawsuit against Naussany Investments and Private Lending, which was filed last Wednesday in Shelby County Chancery Court, Keough claims that her mother never borrowed money from the company, per WREG, with the lawsuit stating "these documents are fraudulent."
“Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments," Keough’s lawyer wrote in a lawsuit.
Priscilla Presley, the mother of Lisa Marie and Elvis's ex-wife, wrote on her X account "It's a scam!"
A source close to Keough told The New York Post that Elvis Presley's granddaughter is "traumatized" by the situation, adding that she "never thought that a historic piece of property could even be considered to go into the hands of any random stranger."
Per The Post, Keough has alleged that the signatures were forged, further claiming that Naussany Investments and Private Lending isn't a legitimate company. According to the publication, the notary denies notarizing Lisa Marie's signature or ever meeting her.
An injunction hearing is scheduled for Wednesday in Shelby County Chancery Court.
“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,” Elvis Presley Enterprises Inc. said in a statement Tuesday.
Elvis purchased the Graceland estate back in 1957 for $102,500. Lisa Marie Presley inherited the property after Elvis' death in 1977 and opened it to the public as a museum in 1982.
Following Lisa Marie Presley's death in 2023, Keough became the heir.
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The Associated Press contributed to this report.
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