# Elvis - Graceland up for Foreclosure Auction **URL:** \ **Category:** Cafe Society\ **Tags:** movies, music\ **Created:** [May 21, 2024, 1:31am UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839 "2024-05-21T01:31:00Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![aceplace57](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/aceplace57/32/3500_2.png) [@aceplace57](https://boards.straightdope.com/u/aceplace57)\ **Post date:** [May 21, 2024, 1:31am UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/1 "2024-05-21T01:31:00Z")
What a screwed up mess. Lisa Marie used Graceland as collateral on a 3.8 million dollar loan. She managed to wipe out her inheritance and put Graceland in jeopardy. Elvis is still a cash cow. Royalties on his music, movies, and likeness. The Graceland tours. Lisa Marie blew through all of it. I remember she had a lot of emotional and drug problems during her troubled life. I’d hate to see Graceland bulldozed by some developer for another stinking Mall. > **[Graceland set for foreclosure auction; Elvis heir claims fraud, fights sale](https://wreg.com/news/nation-and-world/graceland-set-for-foreclosure-auction-notice-states-elvis-heir-claims-fraud-fights-sale/)** > > MEMPHIS, Tenn. — Graceland, the historic home of Elvis Presley, is set to be sold off at a foreclosure sale this Thursday according to a legal notice, but Presley’s granddaughter is fighting … > [@](#): > > The legal notice states that Lisa Marie Presley allegedly signed a Deed of Trust in 2018 securing a $3.8 million loan with a Missouri company called Naussany Investments and Private Lending, using Graceland as collateral. The company claims she never paid back that money before she died last year. ---
**Author:** ![Stratocaster](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stratocaster/32/16393_2.png) [@Stratocaster](https://boards.straightdope.com/u/Stratocaster)\ **Post date:** [May 21, 2024, 1:35am UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/2 "2024-05-21T01:35:50Z")
According to the grandchild, the claim is outright fraud—no loan was ever taken, the signature was forged, and the notary denied overseeing this or even meeting Presley. If this counter suit is nonsense, seems trivially easy for the mortgager to prove. ---
**Author:** ![aceplace57](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/aceplace57/32/3500_2.png) [@aceplace57](https://boards.straightdope.com/u/aceplace57)\ **Post date:** [May 21, 2024, 1:47am UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/3 "2024-05-21T01:47:35Z")
I’ve read a lot about Elvis. He was sinking in debt and was going out on tour again. It was pretty sad. He was bloated, sweaty, addicted, and obviously in ill health. He had become a parody of his former self. His ex-wife, Priscilla set things straight after Elvis died. She made sure the estate collected all the royalties owed. Created the Graceland tours. Priscilla was a very shrewd business woman. Lisa Marie got almost everything after turning 21. But she was deeply troubled, and apparently liked spending money. Her marriage to Michael Jackson was probably a business arrangement. I hope this mortgage claim is fraudulent. ---
**Author:** ![Skywatcher](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/skywatcher/32/254_2.png) [@Skywatcher](https://boards.straightdope.com/u/Skywatcher)\ **Post date:** [May 21, 2024, 2:44pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/4 "2024-05-21T14:44:51Z")
> [@Stratocaster](#): > > If this counter suit is nonsense, seems trivially easy for the mortgager to prove. If they even exist. > **[Elvis' Granddaughter Riley Keough Calls Graceland Foreclosure Sale Attempt...](https://people.com/elvis-granddaughter-riley-keough-graceland-foreclosure-sale-attempt-fraudulent-8651540)** > > Riley Keough, Elvis Presley’s granddaughter and the heir to Graceland, is calling the foreclosure of the famed property “fraudulent.” > “On information and belief, Naussany Investments & Private Lending LLC is not a real entity. Naussany Investments & Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust (the trust of Keough and formerly of Lisa Marie Presley), the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale,” Keough’s complaint also states. ---
**Author:** ![aceplace57](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/aceplace57/32/3500_2.png) [@aceplace57](https://boards.straightdope.com/u/aceplace57)\ **Post date:** [May 21, 2024, 2:59pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/5 "2024-05-21T14:59:53Z")
Would someone really try to force a foreclosure sale on a famous property? Checking out the validity of the claim would be routine. Any investigation by attorneys would uncover fraud. This claim should be dealt with and rejected long before it ever got reported in the media. I guess anything is possible these days. I wouldn’t be surprised if squatters moved into Graceland and swam in Elvis’ pool. ---
**Author:** ![Magiver](https://avatars.discourse-cdn.com/v4/letter/m/4491bb/32.png) [@Magiver](https://boards.straightdope.com/u/Magiver)\ **Post date:** [May 22, 2024, 1:37pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/6 "2024-05-22T13:37:04Z")
> [@aceplace57](#): > > Would someone really try to force a foreclosure sale on a famous property? > > Checking out the validity of the claim would be routine. Any investigation by attorneys would uncover fraud. > > This claim should be dealt with and rejected long before it ever got reported in the media. This. A loan company lending out millions with no physical address? Their next address should be a federal prison. > [@aceplace57](#): > > I guess anything is possible these days. I wouldn’t be surprised if squatters moved into Graceland and swam in Elvis’ pool. “Swimming” in Elvis’ pool would be the least of the worries. ---
**Author:** ![Son\_of\_a\_Rich](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/son_of_a_rich/32/5439_2.png) [@Son\_of\_a\_Rich](https://boards.straightdope.com/u/Son_of_a_Rich)\ **Post date:** [May 22, 2024, 2:14pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/7 "2024-05-22T14:14:43Z")
> [@aceplace57](#): > > I guess anything is possible these days. I wouldn’t be surprised if squatters moved into Graceland and swam in Elvis’ pool. They’d even use his toilet, except it’s in the Rock and Roll Hall of Fame. ---
**Author:** ![rocking\_chair](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/rocking_chair/32/2918_2.png) [@rocking\_chair](https://boards.straightdope.com/u/rocking_chair)\ **Post date:** [May 22, 2024, 2:55pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/8 "2024-05-22T14:55:31Z")
the judge has put the sale of graceland on hold. the judge is basing his hold on the affidavit of the notary who stated she never met lisa marie presley and that she did not notarize the documents. ---
**Author:** ![wolfpup](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wolfpup/32/10618_2.png) [@wolfpup](https://boards.straightdope.com/u/wolfpup)\ **Post date:** [May 22, 2024, 3:12pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/9 "2024-05-22T15:12:37Z")
Interesting company, this Naussany outfit. A Google search reveals nothing about them except this apparent fraud; their three addresses consist of two P.O. boxes and a USPS office; they have several email addresses on one of which their name is misspelled and none of which are responsive to inquiries, and there is a phone number which is out of service. Sounds legit! 😉 If this is outright fraud as seems likely, it’s amazing that anyone thought they could get away with it! ---
**Author:** ![rocking\_chair](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/rocking_chair/32/2918_2.png) [@rocking\_chair](https://boards.straightdope.com/u/rocking_chair)\ **Post date:** [May 22, 2024, 4:13pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/10 "2024-05-22T16:13:41Z")
they came awfully close. graceland was on the edge of being auctioned. ---
**Author:** ![Skywatcher](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/skywatcher/32/254_2.png) [@Skywatcher](https://boards.straightdope.com/u/Skywatcher)\ **Post date:** [May 22, 2024, 6:10pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/11 "2024-05-22T18:10:15Z")
> [@rocking\_chair](#): > > the judge has put the sale of graceland on hold. > > the judge is basing his hold on the affidavit of the notary who stated she never met lisa marie presley and that she did not notarize the documents. Story here: > **[Judge Halts Graceland Sale After Riley Keough Slammed Foreclosure Attempt as...](https://people.com/graceland-sale-halted-after-riley-keough-slammed-foreclosure-attempt-8652174)** > > Riley Keough's lawsuit claims a company forged her late mom Lisa Marie Presley's signature to push forward a sale of Graceland. ---
**Author:** ![aceplace57](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/aceplace57/32/3500_2.png) [@aceplace57](https://boards.straightdope.com/u/aceplace57)\ **Post date:** [May 22, 2024, 6:10pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/12 "2024-05-22T18:10:37Z")
Tomorrow (Thursday) was the auction date. It’s scary that someone could file some paperwork and could almost put a home and its contents up for auction. You’d expect some kind of notification would be served on the Trust estate. At least 90 days warning or something. > **[Judge delays Graceland sale, suggests Elvis' granddaughter Riley Keough could...](https://www.nbcnews.com/news/us-news/judge-delays-graceland-sale-suggests-elvis-granddaughter-riley-keough-rcna153472)** > > Chancellor JoeDae L. Jenkins says the Memphis community is best served by slowing any potential change in ownership of the "well loved" estate. ---
**Author:** ![rocking\_chair](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/rocking_chair/32/2918_2.png) [@rocking\_chair](https://boards.straightdope.com/u/rocking_chair)\ **Post date:** [May 22, 2024, 6:16pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/13 "2024-05-22T18:16:10Z")
it happens more often than it should. usually not with such a highly known home. this got a lot closer than it should have. ---
**Author:** ![Skywatcher](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/skywatcher/32/254_2.png) [@Skywatcher](https://boards.straightdope.com/u/Skywatcher)\ **Post date:** [May 22, 2024, 6:39pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/14 "2024-05-22T18:39:11Z")
Well, that was quick. > **[Company drops plan to auction Graceland after judge blocks sale amid fraud...](https://wmbdradio.com/2024/05/22/company-drops-plan-to-auction-graceland-after-judge-blocks-sale-amid-fraud-claims/)** > > By Joseph Ax (Reuters) - The company that had intended to auction off Graceland, singer Elvis Presley's iconic mansion in Memphis, abandoned its plan on Wednesday after a Tennessee judge blocked the sale following allegations of fraud. A... ---
**Author:** ![Pleonast](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pleonast/32/1183_2.png) [@Pleonast](https://boards.straightdope.com/u/Pleonast)\ **Post date:** [May 22, 2024, 6:53pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/15 "2024-05-22T18:53:36Z")
I hope a prosecutor takes a close look at this. ---
**Author:** ![Chad\_Sudan](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/chad_sudan/32/4509_2.png) [@Chad\_Sudan](https://boards.straightdope.com/u/Chad_Sudan)\ **Post date:** [May 22, 2024, 8:15pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/16 "2024-05-22T20:15:21Z")
The perpetrators will do time for this. But will the warden throw a party in the county jail? ---
**Author:** ![Skywatcher](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/skywatcher/32/254_2.png) [@Skywatcher](https://boards.straightdope.com/u/Skywatcher)\ **Post date:** [May 23, 2024, 2:59pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/17 "2024-05-23T14:59:19Z")
> [@wolfpup](#): > > A Google search reveals nothing about them except this apparent fraud With all of their resources, NBC News couldn’t find anything, either. > **[The company at the center of a battle over Elvis' Graceland is a mystery](https://www.nbcnews.com/news/us-news/company-center-battle-elvis-graceland-mystery-rcna153619)** > > Riley Keough, one of Elvis Presley’s granddaughters, alleged a company seeking a foreclosure sale of Graceland is trying to defraud the family. A search of public records databases doesn’t turn up any sign of the company. ---
**Author:** ![aceplace57](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/aceplace57/32/3500_2.png) [@aceplace57](https://boards.straightdope.com/u/aceplace57)\ **Post date:** [May 23, 2024, 3:05pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/18 "2024-05-23T15:05:10Z")
So, a prankster called an Auction house and said they were handling foreclosure on Graceland? The auction house just took their word that there was a defaulted loan? Someone even supplied a statement to the court. But they didn’t show up in person. I know the Notary said she didn’t witness the signing of the loan document. Submitting a fake loan document is serious and criminal. > [@](#): > > “I respectfully deny the allegations made by Danielle Riley Keough,” Naussany wrote to the court. “Naussany Investments & Private Lending is prepared to provide evidence and arguments to demonstrate the relief sought is not justified in this case.” > > Jenkins said Naussany would have a chance to make his case. ---
**Author:** ![Gatopescado](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gatopescado/32/5711_2.png) [@Gatopescado](https://boards.straightdope.com/u/Gatopescado)\ **Post date:** [May 23, 2024, 5:14pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/19 "2024-05-23T17:14:32Z")
As far as attempted fraud go, this was pretty optimistic. Somebody’s got a pretty big set of balls out there. ---
**Author:** ![Alessan](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/alessan/32/465_2.png) [@Alessan](https://boards.straightdope.com/u/Alessan)\ **Post date:** [May 23, 2024, 7:18pm UTC](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839/20 "2024-05-23T19:18:18Z")
I think they saw Lisa Marie as an easy target. Riley, OTOH, seems to have a good head on her shoulders. [Next page](https://boards.straightdope.com/t/elvis-graceland-up-for-foreclosure-auction/1001839.md?page=2)