{"id":3873,"date":"2024-06-07T02:46:53","date_gmt":"2024-06-07T06:46:53","guid":{"rendered":"https:\/\/www.dofashion.net\/?p=3873"},"modified":"2024-06-24T04:32:43","modified_gmt":"2024-06-24T08:32:43","slug":"elvis-presleys-iconic-graceland-to-be-auctioned-amid-foreclosure-granddaughter-riley-keough-traumatized","status":"publish","type":"post","link":"https:\/\/www.dofashion.net\/elvis-presleys-iconic-graceland-to-be-auctioned-amid-foreclosure-granddaughter-riley-keough-traumatized\/","title":{"rendered":"Elvis Presley\u2019s iconic Graceland to be auctioned amid foreclosure, granddaughter Riley Keough \u2018traumatized\u2019"},"content":{"rendered":"\t\t
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Elvis Presley\u2019s legendary Graceland mansion is on the verge of being sold at a foreclosure auction on Thursday \u2014 sparking a dramatic legal battle from his granddaughter, Riley Keough, who called the pending sale \u201cfraudulent.\u201d<\/p>

A notice from the Shelby County Courthouse states that Graceland and its surrounding property in Memphis, Tennessee, will be auctioned off to the highest bidder for cash on May 23,\u00a0WREG-TV News\u00a0reported.<\/p>

Keough, 34, the current owner of the property and granddaughter of the King of Rock \u2018n\u2019 Roll, is fiercely contesting the sale. She filed a lawsuit calling the auction a sham, and on Monday, her attorney secured a temporary restraining order.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Visitors line up to enter the Graceland mansion on August 12, 2017, in Memphis, Tennessee.<\/p>

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Rock and roll singer Elvis Presley strolls the grounds of his Graceland estate in 1957.<\/p>

Michael Ochs Archives<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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A source told The Post that Keough is \u201ctraumatized\u201d at what has unfolded and \u201cnever thought that a historic piece of property could even be considered to go into the hands of any random stranger.\u201d<\/p>

The drama stems from a 2018 deed of trust that Riley\u2019s late mother, Lisa Marie Presley, allegedly signed, securing a $3.8 million loan with Graceland as collateral.\u00a0\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Lisa Marie is with her three daughters.Rachman, <\/span><\/p>

Chad<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Lisa Marie Presley\u2019s daughters Riley, Harper and Finley inherited Graceland after their mother\u2019s death.<\/p>

AP<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The loan was purportedly taken out through Naussany Investments and Private Lending, a Missouri-based company. The firm claims Lisa Marie, who died last year at 54, defaulted on the loan.<\/p>

But Keough\u2019s lawsuit, filed May 15 in Shelby County Chancery Court, asserts that Lisa Marie never borrowed any money from Naussany.<\/p>

Elvis bought the Graceland estate in 1957 for $102,500, the same year he released hits like \u201cBlue Christmas\u201d and \u201cAll Shook Up.\u201d<\/p>

Lisa Marie inherited it after Elvis\u2019 death in 1977, and it opened to the public as a museum in 1982. After her death in January 2023, Riley\u00a0became the heir.<\/p>

Graceland is not just a house \u2014 it\u2019s a shrine to one of the greatest pop culture icons ever.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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SEE ALSO<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Spanning 13.8 acres, the estate draws hundreds of thousands of visitors annually who come to celebrate the legacy of Elvis. The mansion, built in 1939, was named after Ruth Brown Moore\u2019s aunt, Grace Toof.<\/p>

Known for its eclectic d\u00e9cor, Graceland\u2019s \u201cJungle Room\u201d is a notable highlight, filled with lush greenery and unique furniture Elvis bought to irritate his father.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Elvis\u2019 gold-appointed living room.<\/p>

Getty Images<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The pool room at the Memphis estate.<\/p>

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According to the Graceland website, all the furniture in the home is original from Elvis\u2019 time.<\/p>

A judge approved Riley\u2019s ownership of Graceland 10 months after Lisa Marie\u2019s death, naming her the sole trustee of the family estate following a legal tussle with her grandmother, Priscilla Presley, 78, Elvis\u2019 ex-wife.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Graceland\u2019s dining room.<\/p>

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Lisa Marie passed away on January 12, 2023, after\u00a0experiencing cardiac arrest\u00a0at her residence in Calabasas, California.<\/p>

An autopsy later revealed that her death was\u00a0due to a \u201csmall bowel obstruction\u201d\u00a0resulting from a previous bariatric surgery.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Elvis Presley\u2019s legendary Graceland mansion is on the verge of being sold at a foreclosure…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"views":309,"_links":{"self":[{"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/posts\/3873"}],"collection":[{"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/comments?post=3873"}],"version-history":[{"count":0,"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/posts\/3873\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/media?parent=3873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/categories?post=3873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dofashion.net\/wp-json\/wp\/v2\/tags?post=3873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}