Introduction
Graceland Faces Foreclosure Threat: Riley Keough Strongly Opposes Controversial Auction
Elvis Presley’s legendary Graceland mansion—one of America’s most iconic landmarks—is now facing the threat of being sold at a foreclosure auction. The sale is scheduled for May 23 at the Shelby County Courthouse in Tennessee. However, this move has been met with fierce resistance from Elvis’s granddaughter, actress Riley Keough, the current owner of the estate.
Riley Keough, 34, has filed a lawsuit to stop the auction, calling it a “fraudulent scheme.” She claims that the documents used to justify the foreclosure are forged and that her mother—Lisa Marie Presley—never took out the alleged $3.8 million loan with Graceland as collateral, as claimed by Nissani Investments.
In her lawsuit filed on May 15, Riley asserts that Lisa Marie’s signature on the 2018 deed of trust is a forgery and that Nissani Investments—a Missouri-based private lending firm—is not a legitimate financial institution. Furthermore, the notary named in the documents has stated that they never met Lisa Marie nor notarized any of her paperwork.
Graceland is not just Elvis Presley’s former home—it is a sacred site where Elvis, his parents, Lisa Marie, and her son Benjamin are buried. After Lisa Marie’s passing last year, Riley was granted full ownership of Graceland by a judge, following a legal battle with her grandmother, Priscilla Presley.
Currently, a temporary restraining order has been issued to halt the auction while the court reviews the case. Riley is said to be “shocked and deeply traumatized” by the situation. This legal battle goes beyond ownership—it’s about preserving the legacy and resting place of the King of Rock and Roll.