Staff Reports
Tennessee Attorney General Jonathan Skrmetti is investigating a recent foreclosure attempt on Graceland, the iconic home of Elvis Presley. Naussany Investments and Private Lending claimed that Lisa Marie Presley, Elvis’s only child who passed away last year, had used the property as collateral for a $3.8 million loan. However, Lisa Marie’s daughter, Riley Keough, contends that the loan is fraudulent and that her mother never borrowed the money.
Attorney General Skrmetti has announced that his office will conduct a thorough investigation to determine if any misconduct occurred. He emphasized the importance of protecting both Elvis Presley’s heirs and other homeowners from similar fraud threats. Skrmetti also expressed gratitude to the Presley family for sharing Graceland, a landmark in Tennessee since 1982, highlighting its significance as a tribute to Elvis’s legacy and a cherished memory for his family, attracting tourists nationwide.
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The disputed deed involves a 2018 signature from Lisa Marie Presley that was allegedly not notarized, and the Shelby County Register of Deeds has no record of a deed related to Graceland. Consequently, Keough has been granted a stay of the sale during her lawsuit against Naussany Investments and Private Lending, citing fraud by the company.
This investigation is essential to ensuring that Elvis Presley’s legacy and his heirs’ rights to Graceland are safeguarded against fraudulent claims. The Attorney General’s dedication to uncovering any potential misconduct reflects Tennessee’s commitment to upholding the rule of law and protecting homeowners' rights.
