Elvis' Graceland is facing foreclosure

[Imzadi]

This sounds like one of those click bait titles, but is actually a true, ongoing story. Although the investment company trying to force a foreclosure may be a complete fraud.

Lisa Marie Presley, Elvis’ daughter, died in January 2023. Lisa Marie Presley was the sole heir to Graceland and her father’s estate, and its overall worth has now reportedly reached into the hundreds of millions of dollars. When she died, she willed Graceland and the estate to her daughter, Riley Keough, who is now the sole heir.

It was well known that Lisa Marie didn't manage her money well and had money difficulties. A lending company, Naussany Investments, came forward with a document stating that Marie Presley had borrowed $3.8 million from Naussany Investments and gave a deed of trust encumbering Graceland as security.” They claim they were never paid back by Lisa Marie and now get Graceland as was stipulated in the document.

They are trying to put Graceland up for foreclosure this Thursday!

According to CNN: On May 15 Riley was granted a restraining order against any from conducting “any non-judicial sale” of the property before a court rules on her counter lawsuit filed to stop the fraud, according to court documents. “These documents are fraudulent,” Keough’s lawsuit alleges. “Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments. The lawsuit alleges Naussany Investments & Private Lending LLC “appears to be a false entity created for the purpose of defrauding.”

This part may be the key to unraveling the alleged fraud:
Allegedly Lisa Marie signed the paper in front of a notary in Florida who said she “never met Lisa Marie Presley nor notarized any document for her,” despite her name being on loan paperwork. The whole purpose of a notary is to be a witness that they met a specific person who then signed a document in front of them. She'd remember if she met Lisa Marie Presley.


Long version of the story: https://www.cnn.com/2024/05/20/busi...nddaughter-fights-foreclosure-sale/index.html

 

[tvguy]

This part may be the key to unraveling the alleged fraud:
Allegedly Lisa Marie signed the paper in front of a notary in Florida who said she “never met Lisa Marie Presley nor notarized any document for her,” despite her name being on loan paperwork. The whole purpose of a notary is to be a witness that they met a specific person who then signed a document in front of them. She'd remember if she met Lisa Marie Presley.

The notary doesn't have to remember the people whose documents they witnesses. That is what their journal is for. They just have to look in their log book to see if they did in fact witness the documents. But yes, something seems fishy with this claim.

 

[_19disnA]

No idea whose version is true. What matters is being able to present factual evidence in a court of law. Lots of people huff/puff or make wild claims in public or on social media, but none of that matters in court.

 

[NYCgrrl]

Early generations of this family is such a cautionary tale when it comes to money.
Teach your children well.

 

[tvguy]

No idea whose version is true. What matters is being able to present factual evidence in a court of law. Lots of people huff/puff or make wild claims in public or on social media, but none of that matters in court.

Court papers filed by both sides are public record and Riley Keough (Lisa Marie Presley's daughter) included affidavits from the Notary listed by the Investment company denying notarizing the loan documents, and the person listed as the broker of the deal noting he left the company eight years before the alleged loan was made and he has no knowledge of it.

 

[NotUrsula]

I'd say that the evidence that it is a fraud is pretty solid so far.

You've got to admit, as scams go, this one is pretty ballsy.

 

[princesscinderella]

Unfortunately, bad actors go after property titles all the time and hope that they don't get caught until after the deed is done and its a lot harder to undo. They will typically strip money out by mortgaging it or reselling it quickly. Its odd to say but having a mortgage on your property is a safeguard to title fraud as its an extra layer as it makes it harder for a property to be transferred or a fraudulent mortgage taken out. Fake leases are also becoming a popular gimmick too where then they claim squatters rights to a property, which then takes months to sort out in the courts. These fraudsters definitely have guts to try to lay claim to a such a famous property. I sense a Netflix documentary about this in the near future.

 

[LuvOrlando]

I find it completely impossible to think anyone in the US met a Presley and would forget, she was never a forgettable woman and with her ID and all no way. I bet someone working in the office or someone who had access in some way stole the notary stuff or forged things, I mean how secure are those places from cleaning people, part time helpers etc.