International Courant
MEMPHIS, Tenn. — Elvis Presley’s granddaughter is preventing an try to publicly public sale his Graceland property in Memphis after an organization tried to promote the property primarily based on claims {that a} mortgage utilizing the king of rock ‘n’ roll’s former dwelling as collateral had not been refunded.
A public public sale for the property was scheduled this week, however a Memphis decide blocked the sale after Riley Keough filed for a brief restraining order and filed a lawsuit saying the mortgage is fraudulent, courtroom paperwork present. Keough, an actor, is Presley’s granddaughter and Lisa Marie Presley’s daughter.
A public discover for a foreclosures sale of the 13-acre property posted earlier in Could mentioned Promenade Belief, which controls the Graceland museum, is owed $3.8 million after failing to repay a 2018 mortgage. Keough inherited the belief and possession of the house after her mom’s dying final yr.
Naussany Investments and Personal Lending mentioned Lisa Marie Presley used Graceland as collateral for the mortgage and that the corporate would promote the property to the very best bidder, in accordance with the foreclosures discover. Keough filed a lawsuit on behalf of the Promenade Belief final week, alleging that Naussany submitted fraudulent paperwork associated to the mortgage and the unpaid quantity in September 2023.
“Lisa Maria Presley by no means borrowed cash from Naussany Investments and by no means executed a deed of belief to Naussany Investments,” Keough’s lawyer wrote in a courtroom submitting.
Kimberly Philbrick, the notary whose identify seems on the paperwork, indicated that she by no means met Lisa Marie Presley or notarized any paperwork for her, in accordance with courtroom information. The Related Press texted Philbrick to numbers believed to be hers, however she didn’t instantly reply.
W. Bradley Russell, an lawyer for Keough, declined remark Tuesday.
Kurt Naussany, who was recognized because the defendant in courtroom paperwork, requested inquiries to Gregory Naussany in an e-mail. Gregory Naussany advised the AP in an e-mail: “The legal professionals can remark!” Court docket information don’t point out there may be an lawyer for the corporate.
The courtroom paperwork embrace addresses for the businesses in Jacksonville, Florida, and Hollister, Missouri. Each have been for put up workplaces. One reference from Kimberling Metropolis, Missouri, was for a put up workplace field.
A listening to on the injunction is scheduled for Wednesday in Shelby County Chancery Court docket.
“Elvis Presley Enterprises can affirm that these claims are fraudulent. There might be no foreclosures sale. Merely put, the countersuit was filed to cease the fraud,” Elvis Presley Enterprises Inc. mentioned. Tuesday in a press release.
Graceland opened in 1982 as a museum and vacationer attraction as a tribute to Elvis Presley, the singer and actor who died in August 1977 on the age of 42. It attracts a whole bunch of hundreds of holiday makers yearly. A big Presley-themed leisure advanced throughout the road from the museum is owned by Elvis Presley Enterprises.
Tim Marshall from Queensland, Australia, headed to the gates of Graceland on Tuesday as a part of a weeklong US tour together with his companion. Marshall, 54, mentioned he heard the information concerning the tried sale at Graceland.
“I used to be shocked,” Marshall mentioned. ‘We do not know sufficient about it. I do not suppose it will be superb in the event that they misplaced it.”
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Related Press reporters Sarah Brumfield in Silver Spring, Maryland, and Heather Hollingsworth in Mission, Kansas, contributed to this story.
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This story has been corrected to replicate that Russell is an lawyer for Keough, not Naussany Investments.
Graceland is just not on the market, Elvis Presley’s granddaughter Riley Keough says within the lawsuit
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