Elvis Presley's Graceland Is in Danger of Foreclosure & It's Up to Lisa Marie's Estate To Save It

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Is it possible that Graceland is in foreclosure? Well, not if Riley Keough has her way because there seems to be two opposing views about a reported $3.8 million loan that the late Lisa Marie Presley allegedly borrowed from Naussany Investments and Private Lending six years ago. It’s a complicated mess that is just the latest plot twist over Lisa Marie’s estate.

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After her mom died in January 2023, Keough inherited the Promenade Trust which owns the Elvis Presley estate, including Graceland. Naussany Investments and Private Lending is claiming that Lisa Marie put the famous mansion up as collateral when she took out the loan and then neglected to pay back the significant sum from 2018. That’s where the foreclosure sale comes into play with a public auction originally scheduled for Thursday, May 23, according to USA Today. However, Keough’s legal team was able to get a temporary restraining order to halt the sale because they were claiming fraud with the loan documents.

“These documents are fraudulent,” the lawsuit documents read. “Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.” More information about the case will follow on May 22 during an injunction hearing. What makes this case even more fascinating is that it’s bringing Keough together with grandmother Priscilla Presley. Priscilla is showing a united front with the Daisy & the Six star by posting a dramatic image of Graceland with the text, “It’s a Scam!” across it — no further caption was added.

The grandmother and granddaughter were at odds over Lisa Marie’s estate after Priscilla contested the will after she was removed as executor without her knowledge. The settlement, per Us Weekly, made Riley’s 15-year-old twin sisters Finley and Harper Lockwood sub-trustees and paid out $1 million to Priscilla. This won’t be the end of the story, though. Keough completed her mother’s pet project, a currently untitled memoir that Lisa Marie had been working on before her death.

“Few people had the opportunity to know who my mom really was, other than being Elvis’s daughter,” Keough said in a statement via publisher Random House. “I was lucky to have had that opportunity and working on preparing her autobiography for publication has been a privilege, albeit a bittersweet one. I’m so excited to share my mom now, at her most vulnerable and most honest, and in doing so, I do hope that readers come to love my mom as much as I did.”

Before you go, click here to see inside the famous Presley family.

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