The iconic home of Elvis Presley Graceland could soon no longer be in the possession of the Presley estate.
According to WREG, Graceland is set to be sold off in a foreclosure auction later this week, unless a lawsuit filed by Elvis’ granddaughter actress Riley Keough is successful in halting the sale.
Evidently, Lisa Marie Presley signed a Deed of Trust in 2018 securing a $3.8 million loan with a Missouri company called Naussany Investments and Private Lending and used Graceland as collateral.
Naussany Investments and Private Lending claims that Lisa Marie didn’t pay back that money before dying last year, which is how Graceland will end up on the auction block.
However, Riley Keough, Lisa Marie’s daughter, is claiming in her lawsuit that her mother never borrowed any money from the company.
While the auction is set for Thursday, a temporary restraining order on the sale was granted Monday, and an injunction hearing is set for Wednesday.
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