Amid a legal dispute unfolding in a chancery court in Shelby County, Tennessee, the iconic Graceland estate, once owned by Elvis Presley, is at the center of a potential foreclosure auction. The future of Graceland hangs in the balance as legal proceedings are underway to determine whether the auction can proceed.
The legal heir to Graceland, Riley Keough, granddaughter of Elvis and daughter of Lisa Marie Presley, has filed a lawsuit challenging the foreclosure sale initiated by Noceny Investments and private lending LLC LLC. The companies claim that Lisa Marie Presley defaulted on a $3.8 million loan, using Graceland as collateral, leading to the foreclosure action.
Keough disputes these claims, alleging that the loan documents are fraudulent and that her mother never borrowed the money or used Graceland as collateral. The lawsuit also raises concerns about the legitimacy of Noceny Investments, pointing to discrepancies in the loan paperwork, including a notary from Florida who denies any involvement with Presley.
Efforts to contact Noceny Investments have been met with challenges, with phone lines disconnected and emails receiving automated responses. The company's origins remain unclear, with inquiries to the Secretary of State's office yielding no information.
The legal battle over Graceland's ownership is set to unfold in court, with Keough seeking to prove that the foreclosure proceedings are based on false pretenses. The case highlights the complexities and potential risks involved in high-stakes property disputes, especially when iconic landmarks like Graceland are at stake.
