“Time TV”
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A listening to is scheduled for 10 am ET within the Shelby County, Tennessee, Chancery Court docket to find out whether or not a foreclosures public sale of Graceland can proceed. The sale had been scheduled for Thursday however was stopped – at the least briefly – when Presley’s granddaughter, Danielle Riley Keough, sued to dam it.
Keough took possession of the property and well-liked vacationer attraction after her mom and Elvis’ daughter, Lisa Marie Presley, died in January 2023.
Who holds the rights to Graceland?
However an organization referred to as Naussany Investments & Non-public Lending LLC claims that Lisa Marie Presley didn’t pay again a $3.8 million mortgage it had given her – and Naussany claims Presley had put up Graceland as collateral in opposition to the mortgage. Looking for reimbursement, it had scheduled an public sale of the property.
This was no typical foreclosures sale. Keough filed a lawsuit earlier this month, claiming there was no such mortgage. She additionally claims Naussany isn’t even an actual firm.
“These paperwork are fraudulent,” Keough’s lawsuit alleges. “Lisa Marie Presley by no means borrowed cash from Naussany Investments and by no means gave a deed of belief to Naussany Investments.”
The lawsuit alleges Naussany Investments & Non-public Lending LLC “seems to be a false entity created for the aim of defrauding.”
Though Naussany supplied what seems to be a 2018 notarized promissory word signed by Lisa Marie Presley to place up Graceland as collateral, Keough’s lawsuit mentioned that was a forgery. In a signed affidavit, the notary public denied ever notarizing something that Lisa Marie Presley had signed.
When “Time TV” tried to succeed in Naussany Investments & Non-public Lending LLC by cellphone, the quantity was not in service. The enterprise was listed in a court docket doc from Keough’s lawyer as being situated in Kimberling Metropolis, Missouri, however “Time TV” was unable to find a enterprise within the state of Missouri by that title through the secretary of state’s workplace. “Time TV” was additionally unable to find a enterprise by that title when looking nationwide.
Elvis Presley Enterprises, the corporate that manages Presley’s property, concurred that Naussany’s declare was illegitimate.
“Elvis Presley Enterprises can affirm that these claims are fraudulent,” the corporate mentioned. “There isn’t a foreclosures sale. Merely put, the counter lawsuit has been filed is to cease the fraud.”
A decide final week granted a brief restraining order, stopping Naussany from promoting Graceland. Wednesday’s listening to might decide whether or not the sale can go ahead or not.
Following Lisa Marie Presley’s demise, Keogh and her grandmother, Priscilla Presley, fought over the rights to her property – together with Graceland. In the end, Keough and Presley settled, and Keough turned Graceland’s sole proprietor.
In 2004, Lisa Marie Presley offered 85% of Elvis Presley Enterprises’ property in a deal reportedly value greater than $100 million. However she maintained full possession of the Graceland mansion and Elvis’ private gadgets housed in what’s now the Graceland museum, in accordance with the Graceland web site.
Graceland is among the South’s largest vacationer attracts, visited by a whole lot of hundreds of individuals every year, Graceland says on its web site. Lisa Marie Presley yearly earned seven figures from it, primarily based on a court docket submitting in her 2022 divorce.
Keough is a well known actor, showing in “Mad Max Fury Street” and different Hollywood hits. She additionally seems in Hulu’s “Below the Bridge.”
