Tennessee AG investigating alleged Jacksonville company behind Graceland’s attempted foreclosure sale

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Jacksonville News

Graceland,Naussany Investments And Private Lending,I-TEAM

The Tennessee Attorney General has launched an investigation into Naussany Investments and Private Lending, the company with Jacksonville ties that was behind the attempted foreclosure sale of Graceland.

This 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. The granddaughter of Elvis Presley is fighting plans to publicly auction his Graceland estate in Memphis after a company tried to sell the property based on claims that a loan using the king of rock n roll's former home as collateral was not repaid.

Now, the Tennessee AG has launched an investigation into the company after a Shelby County judge halted the sale of the beloved Memphis Mansion saying that the real estate is considered “unique under Tennessee Law.”“They can look at some of the same evidence that you’ve acquired. Where’s the company? Do they exist? Where’s the loan paperwork? They’re gonna have to produce all that documentation,” Fallgatter said.“If there’s a company that claiming they’re owed 3.

News4JAX also found a few spelling errors in documents and correspondence from Naussany that was included in court records, like the misspelling of Elvis Presley’s last name “Arron.”

 

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