Graceland is headed for foreclosure as Elvis Presley's granddaughter fights sale and alleges fraud

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Graceland News

Lawsuit,Lisa Marie Presley,Fraud

The apparent foreclosure notice is allegedly because Elvis' daughter, Lisa Marie Presley, used Graceland as collateral to secure a loan that she failed to pay off before she died last year.

Elvis Presley 's Graceland Mansion, a popular tourist attraction and the singer's final resting place, is at the center of a court fight as it appears to be headed for a foreclosure auction later this week. But Elvis' granddaughter, actor Riley Keough, is fighting back with a lawsuit that alleges fraud.According to an apparent foreclosure notice, the estate — which was built in 1939 — is set to be auctioned off at the Shelby County courthouse in Memphis, Tennessee, on Thursday.

'The lawsuit includes a sworn affidavit from the notary public whose name appears on the deed of trust, saying in part, 'I did not notarize this document.'A judge will consider those allegations in a hearing Wednesday, after an attorney for Keough says a temporary restraining order was granted Monday, according to CBS affiliate in Memphis WREG.

Source: Loan Digest (loandigest.net)

Lawsuit Lisa Marie Presley Fraud Elvis Presley

 

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