Elvis Presley’s legendary Graceland mansion is about to be sold at Thursday’s foreclosure auction, sparking a dramatic legal battle with his granddaughter Riley Keough, who called the pending sale “fraudulent.” Happened.
A notice from the Shelby County Courthouse states that Graceland and surrounding properties in Memphis, Tennessee, will be auctioned off to the highest cash bidder on May 23. WREG-TV News report.
The property’s current owner, Ms. Keogh, 34, the granddaughter of the King of Rock and Roll, is fiercely contesting the sale. She filed a lawsuit alleging the auction was a sham, and her lawyers obtained a temporary restraining order on Monday.
A preliminary injunction hearing is scheduled for Wednesday.
A source told the Post that Keogh was “heartbroken” by the incident and “never thought a historic property would end up in the hands of strangers.”
The drama stems from a 2018 deed of trust that Riley’s late mother, Lisa Marie Presley, allegedly signed to secure a $3.8 million loan with Graceland as collateral.
The loan was allegedly made through Nowsunny Investments and Private Lending, a Missouri-based company. The company claims that Lisa Marie, who died last year at the age of 54, defaulted on the loan.
But Keogh’s lawsuit, filed May 15 in Shelby County Court of Chancery, claims that Lisa Marie never owed any money from Nowsany.
“These documents are fraudulent,” the lawsuit declares, alleging that Lisa Marie’s signature was forged and that Nowsany Investments is not even a legitimate company. Additionally, the notary named in the document denies ever notarizing Lisa Marie’s signature or meeting with her.
Elvis purchased the Graceland estate in 1957 for $102,500 and released hit songs such as “Blue Christmas” and “All Shock Up” that same year.
After Elvis passed away in 1977, Lisa Marie inherited it, and it opened to the public as a museum in 1982. After her death in January 2023, Riley became her heir.
Graceland is more than just a home. It’s a shrine dedicated to one of the greatest pop culture icons of all time.
The 13.8-acre property attracts hundreds of thousands of visitors each year to honor Elvis. Built in 1939, the mansion was named after Ruth Brown’s Moore aunt, Grace Stoof.
Known for its eclectic decor, Graceland’s “Jungle Room” is a notable highlight, filled with lush greenery and unique furniture that Elvis bought to annoy his father.
According to the Graceland website, all of the furniture in the home is original to Elvis’ time.
Ten months after Lisa Marie’s death, a judge approves Riley’s ownership of Graceland, making her the sole trustee of the family estate after a legal battle with her grandmother, 78-year-old Priscilla Presley. Nominated as a person.
The dispute arose over a 2016 amendment to Lisa Marie’s will to remove Priscilla as a trustee. Priscilla’s lawyer claimed that she only learned of the amendment after her daughter died.
Lisa Marie passed away from cardiac arrest on January 12, 2023 at her home in Calabasas, California.
A subsequent autopsy determined that her cause of death was “small bowel obstruction” caused by previous bariatric surgery.
Last year, Priscilla said she wanted to be like this. She was buried next to her deceased ex-husband. Elvis mourns his death at his Graceland mansion.
Today, Elvis, Lisa Marie, and her son Benjamin are all buried at Graceland.
