Elvis Presley’s granddaughter, actress Riley Keough, has filed a lawsuit to prevent a foreclosure auction for Presley’s Graceland mansion in Memphis, Tennessee, scheduled for Thursday.
The lending company involved, Naussany Investments & Private Lending LLC, says Ms. Keough’s late mother, Lisa Marie Presley, used the compound as collateral on a $3.8 million loan, which she then defaulted on.
Ms. Keough, the current owner of Graceland, claims the Naussany Investments documents establishing the loan are “fraudulent” and “forgeries” and that her mother never borrowed money from the firm, according to court documents.
A promissory note from 2018 purportedly bearing her mother’s signature and notarized in Florida has a notarial section allowing for online notarization. Ms. Keough’s attorneys pointed out in the documents that Florida didn’t authorize online notarization or include such language in documents until 2020.
The deed of trust purportedly signed by her mother was supposedly notarized by one Kimberly Philbrick of Florida after physical acknowledgment. In an affidavit, however, Ms. Philbrick said she didn’t perform the notarization and never met Lisa Marie Presley in person.
Ms. Keough is asking the Chancery Court for Shelby County, Tennessee, to issue a temporary restraining order preventing Naussany Investments from conducting a sale of Graceland.
In a statement, Elvis Presley Enterprises, which runs Graceland and manages the assets of the Elvis Presley Trust, supported Ms. Keough’s contentions.
“Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed to stop the fraud,” Elvis Presley Enterprises told Memphis CBS affiliate WREG-TV.
Ms. Keough’s grandmother and the rock and roll star’s ex-wife, Priscilla Presley, posted on social media that the foreclosure auction was a “scam.”
Naussany Investments has not publicly responded to the suit or the family’s claims.
• Brad Matthews can be reached at bmatthews@washingtontimes.com.