Elvis Presley's Granddaughter Fighting 'Fraudulent' Sale Of Graceland

MEMPHIS, Tenn. (AP) — The granddaughter of Elvis Presley is fighting an attempt to publicly auction his Graceland estate in Memphis after a company tried to sell the property based on claims that a loan using the king of rock ’n’ roll’s former home as collateral was not repaid.

A public auction for the estate had been scheduled for Thursday this week, but a Memphis judge blocked the sale after Riley Keough sought a temporary restraining order and filed a lawsuit saying the loan is fraudulent, court documents show. Keough, an actor, is Presley’s granddaughter and the daughter of Lisa Marie Presley.

A public notice for a foreclosure sale of the 13-acre estate posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Keough inherited the trust and ownership of the home after her mother’s death last year.

Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan and the company would sell the estate to the highest bidder, according to the foreclosure sale notice.

Keough, on behalf of the Promenade Trust, sued last week, claiming that Naussany presented fraudulent documents regarding the loan and unpaid sum in September 2023.

“Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments,” Keough’s lawyer wrote in a lawsuit.

Kimberly Philbrick, the notary whose name is listed on the documents, indicated that she never met Lisa Marie Presley nor notarized any documents for her, the court filing said. The Associated Press texted Philbrick at numbers believed to be hers, but she didn’t immediately respond.

W. Bradley Russell, a lawyer for