Scheduled to be sold at a foreclosure sale on Thursday (5.23,) Riley Keogh has challenged the upcoming sale of her grandfather Elvis Presley‘s home and burial site at Graceland.
Now 34, Elvis’ granddaughter Riley is the current owner of the iconic property and is challenging the sale with a lawsuit, claiming it is “fraudulent.”
Riley’s mum, and Elvis’ daughter, Lisa Marie Presley inherited the estate when the king passed away in 1977, and subsequently opened the property up to the public as a museum in 1982.
Using the iconic real estate as collateral in 2018, Lisa Marie reportedly took out a $3,800,000.00 loan and now the company she borrowed from is claiming the now deceased 54-year-old never paid the money back before she passed away in January of 2023.
Claiming that her mother never borrowed any money from the institution, and that the reported documents that show otherwise “are fraudulent,” Riley has filed a lawsuit against the company,
When Lisa Marie died, Riley became the estate heir and was named sole trustee of the property after a legal dispute with her grandmother, Elvis’ ex-wife, Priscilla Presley, 78.
Elvis, Lisa Marie, and Lisa Marie’s son Benjamin are all buried at Graceland and last year Priscilla confirmed that it’s her wish to be buried next to Elvis on the estate when she passes.
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Author: Al Denté
Photo: Joseph Novak