The company behind Graceland’s foreclosure sale claims to be from Jacksonville. But its address is a local post officeThis week’s Insider Deals are so good you’ll want all of themFILE - Fans wait in line outside Graceland Tuesday, Aug. 15, 2017, in Memphis, Tenn. A Tennessee judge on Wednesday, May 22, 2024, blocked the auction of Graceland, the former home of Elvis Presley, by a company that claimed his estate failed to repay a loan that used the property as collateral.
“My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland,” Skrmetti, a Republican, said in the release."I have asked my lawyers to look into this matter, determine the full extent of any misconduct that may have occurred, and identify what we can do to protect both Elvis Presley’s heirs and anyone else who may be similarly threatened.
Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice. A lawsuit filed last week by Keough alleged that Naussany presented fraudulent documents regarding the loan in September 2023. A statement emailed to The Associated Press after Wednesday's ruling said Naussany would not proceed because a key document in the case and the loan were recorded and obtained in a different state, meaning that “legal action would have to be filed in multiple states.” The statement, which was sent from an email address listed in court documents, did not specify the other state.The court documents included addresses for the company in Jacksonville, Florida, and Hollister, Missouri.
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