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Elvis Presley’s Granddaughter Fights Foreclosure Sale of Iconic Graceland

Elvis Presley’s granddaughter is fighting a lien placed on Graceland that could see the iconic home put on the auction block this week. Riley Keough is the sole trustee of the Promenade Trust, which owns the home, following the death of her mother, Lisa Marie Presley, last year.

A company called Naussany Investments and Private Lending LLC claims that the singer’s daughter took out a $3.8 million loan with them in 2018 — using Graceland as collateral — and defaulted, WATN reported. Naussany posted a notice earlier this month and scheduled a foreclosure sale on May 23.

FILE – Lisa Marie Presley poses for her first picture in the lap of her mother, Priscilla, on Feb. 5, 1968, with her father, Elvis Presley, in Memphis, Tenn. (AP Photo/Perry Aycock, File)

But Keough filed suit last week to stop the sale, saying the loan documents Naussany provided are fraudulent and her mother’s signature was forged.

“Naussany Investments & Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust, the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale,” said the lawsuit, filed on May 15 in Shelby County, Tennessee.

The suit further says that the Notary Public who allegedly notarized the documents in Florida, Kimberly L. Philbrick, “confirmed she has never met Lisa Marie Presley nor notarized any document for her.”

Graceland Complaint for Declaratory Judgement and Injuctiv (1) by kc wildmoon on Scribd

“I did not notarize this document,” Philbrick said in an affidavit included with the lawsuit. “I have never met Lisa Marie Presley, nor have I ever notarized a document signed by Lisa Marie Presley. I do not know why my signature appears on this document.”

The lawsuit also says that the deed of trust Lisa Marie Presley purportedly signed was never filed in Shelby County.

Representatives of Keough and Naussany Investments are meeting on Wednesday, a day before the scheduled sale.

Elvis Presley Enterprises, which operates Graceland and handles other business entities connected with the singer’s estate, told WATN “that these claims are fraudulent.”

Even Priscilla Presley — the King of Rock and Roll’s ex-wife who lost a fight to her granddaughter to be the property’s trustee — post on social media that the attempted foreclosure sale “it’s a scam.”

Graceland, the mansion, was built in 1939 on property originally owned by Memphis printer Stephen C. Toof. He named the property Graceland Farms, after his daughter, who inherited it from him in 1894. Grace Toof’s niece inherited it from her and built the 10,266-square-foot mansion that became Graceland.

Presley bought the property in 1957 for just over $100,000. After his death in 1977, his father Vernon inherited the property, and Lisa Marie Presley inherited it when she turned 25 in 1993.

Elvis Presley, his parents Vernon and Gladys Presley, his grandmother Minnie Mae Presley, his grandson Benjamin Keough, and Lisa Marie Presley are buried in the Meditation Garden on the property.

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