CNN
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Tennessee Legal professional Normal Jonathan Skrmetti is trying into the tried foreclosures public sale of Elvis Presley’s iconic Memphis dwelling, often known as Graceland, by an alleged personal funding firm.
On Wednesday, Naussany Investments and Personal Lending LLC dropped its foreclosures efforts in opposition to Graceland.
Danielle Riley Keough, Presley’s granddaughter and inheritor, filed a lawsuit earlier this month to halt the foreclosures sale claiming Naussany Funding’s paperwork was bogus and an try and defraud the household.
“I’ve requested my attorneys to look into this matter, decide the total extent of any misconduct which will have occurred, and establish what we are able to do to guard each Elvis Presley’s heirs and anybody else who could also be equally threatened,” mentioned Skrmetti in an announcement.
Naussany Investments produced paperwork that Lisa Marie Presley defaulted on a $3.8 million mortgage, previous to her 2023 passing, and used Graceland as collateral, in accordance to courtroom paperwork.
“These paperwork are fraudulent,” Keough’s lawsuit alleges. “Lisa Marie Presley by no means borrowed cash from Naussany Investments and by no means gave a deed of belief to Naussany Investments.”
Keough’s swimsuit additionally claims that the paperwork Naussany introduced, together with a 2018 notarized promissory be aware signed by Lisa Marie Presley, had been cast. Even the notary public whose title appeared on the disputed doc, informed the courtroom in an affidavit that that they had by no means notarized Lisa Marie Presley’s signature.
A Shelby County, Tennessee, Chancellor on Wednesday blocked the foreclosures sale scheduled for this Thursday, noting the notary recognized within the transaction, has sworn that they didn’t notarize the signature of Lisa Marie Presley on the deed of belief bringing into query the authenticity of the signature on the deed.
Keough’s possession of Graceland has been confirmed by a Memphis courtroom, in accordance with Tennessee’s prime lawyer.
“Graceland is likely one of the most iconic landmarks within the State of Tennessee, and the Presley household have generously shared it with the world since Elvis’s passing,” mentioned Skrmetti. “Elvis made Memphis the middle of the music universe, and Graceland stands as a monument to his legacy and a fond remembrance for his household. My workplace has fought fraud in opposition to householders for many years, and there’s no dwelling in Tennessee extra beloved than Graceland.”
Naussany Investments was listed in courtroom paperwork as being positioned in Kimberling Metropolis, Missouri, however CNN was unable to find a enterprise within the state by that title. CNN was additionally unable to find a enterprise by that title when looking nationwide.
The lender can be unknown to Tennessee banking regulators.
Alicia Owens, a public info officer with the Tennessee Division of Monetary Establishments, informed CNN in an e-mail that, “Naussany Investments & Personal Lending, LLC (Naussany) just isn’t a licensed mortgage lender in Tennessee and isn’t regulated by the Division.”