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Elvis Presley’s former mansion could be auctioned amid dispute over the artist’s inheritance

Granddaughter and current owner of the house where Elvis is buried claims that the property cannot be sold and the legal action is ‘fraudulent’

Mansion of Elvis Presley in Graceland could be auctioned next Thursday, 22nd, due to mortgage debts, the matter has generated intense disputes over the property, involving Riley Keoughgranddaughter of Elvis which considers the sale “fraudulent”.

Riley Keough, 34 years old, is the current owner of the property in Graceland, and is contesting the sale of the house. Last Monday, the 20th, a temporary restraining order against the sale was decreed, according to the lawyer for Keough, the restriction lasts until Thursday when a hearing on the injunction will take place. Depending on the outcome of the hearing, the property will be auctioned.

Lisa Marie Presleymother of Keough, is accused of having taken out a loan worth US$3.8 million in 2018, and having placed the Graceland property as collateral. However, Lisa Marie would not have paid off the debt before he died, according to Naussany Investments and Private Lending.

According to the portal The Sun, KeoughGraceland’s sole heir, denies that her mother took out such a loan.

“These documents are fraudulent,” states the lawsuit filed by Keough.

The heiress also claims that the signatures on the deed are forged and that the Naussany Investments is not a legitimate entity.

Elvis Presley acquired ownership of Graceland in 1957 for $102,500, the same year he recorded some of his biggest hits, such as “Blue Christmas” and “All Shook Up”.

Lisa Marie inherited Graceland after the death of Elvis in 1977 and transformed it into a museum open to the public in 1982. When Lisa Marie passed away in January 2023, his daughter, Riley Keoughbecame the heiress of Graceland.

Source: Rollingstone

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