Elvis Presley’s iconic Graceland to be auctioned amid foreclosure, granddaughter Riley Keough ‘traumatized’

Elvis Presley’s legendary Graceland mansion is on the verge of being offered at a foreclosures public sale on Thursday — sparking a dramatic authorized battle from his granddaughter, Riley Keough, who referred to as the pending sale “fraudulent.”

A discover from Shelby County Courthouse states that Graceland and its surrounding property in Memphis, Tennessee will be auctioned off to the very best bidder for money on May 23, WREG-TV News reported.

Keough, 34, the present proprietor of the property and granddaughter of the King of Rock ‘n’ Roll, is fiercely contesting the sale. She filed a lawsuit calling the public sale a sham, and on Monday, her legal professional secured a short lived restraining order.

An injunction listening to is about for Wednesday.

A supply advised The Post that Keough is “traumatized” at what has unfolded and “never thought that a historic piece of property could even be considered to go into the hands of any random stranger.”

Visitors queue to enter the Graceland mansion of Elvis Presley on August 12, 2017 in Memphis, Tennessee.
Visitors queue to enter the Graceland mansion of Elvis Presley on August 12, 2017 in Memphis, Tennessee. AFP through Getty Images
Rock and roll singer Elvis Presley strolls the grounds of his Graceland estate in 1957.
Rock and roll singer Elvis Presley strolls the grounds of his Graceland property in 1957. Michael Ochs Archives

The drama stems from a 2018 Deed of Trust that Riley’s late mom, Lisa Marie Presley, allegedly signed, securing a $3.8 million mortgage with Graceland as collateral.

The mortgage was purportedly taken out by means of Naussany Investments and Private Lending, a Missouri-based firm. The agency claims Lisa Marie, who died final yr at 54, defaulted on the mortgage.

But Keough’s lawsuit, filed May 15 in Shelby County Chancery Court, asserts that Lisa Marie by no means borrowed any cash from Naussany.

“These documents are fraudulent,” the swimsuit declares, alleging Lisa Marie’s signatures have been solid and that Naussany Investments isn’t even a reliable firm. Furthermore, the notary listed on the paperwork denies notarizing Lisa Marie’s signature or ever assembly her.

Lisa Marie is pictured with her three daughters.
Lisa Marie is pictured along with her three daughters. Rachman, Chad
Lisa Marie Presley’s daughters Riley, Harper and Finley inherited Graceland after their mom’s demise. AP

Elvis purchased the Graceland property in 1957 for $102,500, the identical yr he launched hits like “Blue Christmas” and “All Shook Up.”

Lisa Marie inherited it after Elvis’s demise in 1977, and it opened to the general public as a museum in 1982. After her demise in January 2023, Riley grew to become the inheritor.

Graceland is not only a home; it’s a shrine to one of many best popular culture icons ever.

Spanning 13.8 acres, the property attracts a whole lot of 1000’s of holiday makers yearly who come to have a good time the legacy of Elvis. The mansion, in-built 1939, was named after Ruth Brown Moore’s aunt, Grace Toof.

Elvis's gold-appointed living room.
Elvis’s gold-appointed front room. Getty Images
The pool room at the Memphis estate.
The pool room on the Memphis property. Getty Images
Graceland's dining room.
Graceland’s eating room. Getty Images

Known for its eclectic décor, Graceland’s “Jungle Room” is a notable spotlight, full of lush greenery and distinctive furnishings Elvis purchased to irritate his father.

According to the Graceland web site, all of the furnishings within the house is unique from Elvis’s time.

A choose accepted Riley’s possession of Graceland ten months after Lisa Marie’s demise, naming her the only real trustee of the household property following a authorized tussle along with her grandmother, Priscilla Presley, 78.

The dispute arose over a 2016 modification to Lisa Marie’s will that eliminated Priscilla as trustee. Priscilla’s attorneys claimed she solely discovered of the modification after her daughter’s passing.

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