Foreclosure notice calls for the sale of Graceland, but estate’s heir says the document is ‘fraudulent’

MEMPHIS, Tenn. (WMC/Gray News) - The historic home of the King of Rock and Roll could be sold at auction on Thursday to the highest bidder, according to a foreclosure notice. However, the estate’s heir says the notices are not valid.

Danielle Riley Keough, daughter of Lisa Marie Presley, became the trustee of Promenade Trust, Graceland’s owner, after her mother’s passing in 2023.

According to a lawsuit filed by Keough this month, an alleged company by the name of “Naussany Investments & Private Lending LLC” presented documents in court claiming to show that Presley borrowed $3.8 million from the company and gave a Deed of Trust encumbering Graceland as security.

“These documents are fraudulent,” the suit states.

Keough’s lawsuit also stated that her mother never borrowed money from Naussany Investments and that there’s no evidence that the company even exists.

The suit claims that the business scheduled a non-judicial sale of Graceland based on the counterfeit deed for Thursday, May 23.

The two parties are set to appear in court on Wednesday ahead of the alleged sale.

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