Graceland is the famous home of Elvis Presley. The home was purchased by Presly in 1957 for a little over $100,000.00 After his death, the home was opened to the public for tours in 1982. Admission was set to $5. Graceland sees 650,000 visitors annually. Lisa Marie was Elvis’ only child and the sole heir to his estate. Lisa Marie sadly passed in January of 2023, leaving her daughter Riley Keough the estate. It is now said that Graceland will go up for a foreclosure auction in a few days. This comes from a company called Naussany Investments & Private Lending LLC. They presented documents supporting their claim that Lisa Marie Presly had burrowed $3.8 million from Naussay Investments and used the deed of trust to Graceland as security. Riley was quick to respond that she is counter suing the company for fraud. Stating that her mother never borrowed money from the company. A court document also identified a notary in the Florida who said she never met Lisa Marie Presley nor notarized the documents being presented in the loan paper work. The lawsuit also alleges that “Naussany Investments & Private Lending LLC is a false entity created for the purpose of defrauding.”
I guess time will tell, but from the looks of the case, Graceland will remain in the Presley Family.
