EPE “No Foreclosure Sale for Graceland”

Elvis at his home, Graceland, in 1957.

MEMPHIS, Tenn. — Elvis Presley’s loved ones, as well as the Graceland estate, say the claims of the property being up for foreclosure sale over a purported $3.8 million debt are fraud.

“Elvis Presley Enterprises can confirm that these claims are fraudulent,” Graceland said in a statement released late Monday night. “There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud.”

Priscilla Presley, Lisa Marie Presley’s mother and Elvis’s ex-wife, was more direct, writing on her X account simply, “It’s a scam!”

According to a legal notice, the historic Graceland property in Memphis was set to be sold at a foreclosure sale Thursday, though that sale was stopped by a temporary restraining order Monday. A hearing on an injunction is set for Wednesday.

A Missouri company called Naussany Investments and Private Lending claims in a legal notice that Lisa Marie Presley put up Graceland as collateral for a loan in 2018.

Lisa Marie Presley’s daughter and heir to Graceland, actress Danielle Riley Keough, says in a 60-page lawsuit against Naussany Investments filed May 15 that her mother never borrowed any money from the company.

“These documents are fraudulent,” the lawsuit states.

Keough claims Presley’s signatures on the deed are forgeries, and that Naussany Investments is not a real entity. According to the suit, the notary involved in the deed denies that she notarized Lisa Marie Presley’s signature or ever met her.

Kurt Naussany, who was identified in court documents as a defendant, directed questions in an email to Gregory Naussany. Gregory Naussany told The Associated Press in an email: “The attorneys can make comment!”

W. Bradley Russell, a lawyer for Naussany Investments, declined comment Tuesday.