Thursday, May 23, 2024
Elvis’ granddaughter fights Graceland foreclosure sale and alleges fraud
Danielle Riley Keough, granddaughter of Elvis, is the current owner of Graceland, the singer's famous Memphis home. Keough was able to get a restraining order against the sale of the home before the court rules on her application for an injunction. Keough is suing Nusanny Investments & Private Lending LLC to stop a foreclosure sale of Graceland alleging fraud and saying the company behind the sale does not exist and has no rights to the property.
The company has presented documents appearing to show that Lisa Marie Presley, Keough's late mother, had borrowed $3.8 million from Nausanny Investments and gave the deed of trust encumbering Graceland as security. Keough and Elvis Presley Enterprises insist these documents are false and Lisa Marie never borrowed money nor gave the deed of trust to the company. Elvis Presley Enterprises says the counter lawsuit has been filed to stop the fraud.
For more information see Raja Razek "Elvis’ granddaughter fights Graceland foreclosure sale and alleges fraud", CNN, May 21, 2024.
Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.
https://lawprofessors.typepad.com/trusts_estates_prof/2024/05/elvis-granddaughter-fights-graceland-foreclosure-sale-and-alleges-fraud.html