Elvis Presley's granddaughter sues the famous Graceland mansion's "fraudulent" auction.

Riley Keough, 34, is vehemently opposing the Memphis, Tennessee, property's sale in a 60-page lawsuit, labeling the auction as "fraudulent."

For well over $100,000, Elvis Presley purchased the 13.8-acre Graceland home in 1957. The famed eight-bedroom Graceland home and other historic elements will soon be up for auction at a foreclosure auction. Riley Keough, Elvis Presley's granddaughter and the current owner of the opulent mansion, has challenged the sale, nevertheless. This happens after a court notification stated that on Thursday, the property would be auctioned off to the highest bidder.

Riley Keough, the granddaughter of Elvis, launches a claim.

Lisa Marie Presley, the King of Rock 'N Roll, inherited the estate after his death in 1977. Riley, Lisa Marie's oldest daughter, received the land after her death. The 34-year-old filed a complaint after receiving the notice from the Shelby County Courthouse, labeling the sale as "fraudulent." An attorney for Riley obtained a temporary restraining order on the sale ahead of the scheduled injunction hearing on Wednesday.

The notification states that a Deed of Trust was signed in 2018 by Lisa Marie, who passed away on January 12 of last year due to "bowel obstruction." It further states that she allegedly obtained a $3.8 million loan through Naussany Investments and Private Lending using Graceland as collateral. She never paid back the money before her death, according to the company. The corporation has started the Graceland preparations because of this.

Riley, however, is vehemently opposing the property's sale in Memphis, Tennessee. According to the 60-page lawsuit, "these documents are fraudulent." As she "never thought that a historic piece of property could even be considered to go into the hands of any random stranger," a close friend of hers told the New York Post that she is "traumatized."
Graceland officials issued a statement when she was given a temporary restraining order, stating, "Elvis Presley Enterprises can confirm that these claims are fraudulent." No foreclosure sale is taking place. Riley's attorney was cited by WREG as saying, "To put it simply, the counter lawsuit has been filed is to stop the fraud."