The company behind Graceland’s foreclosure sale claims to be from Jacksonville. But its address is a local post officeThe company behind Graceland’s foreclosure sale claims to be from Jacksonville. But its address is a local post officeFILE - Fans wait in line outside Graceland Tuesday, Aug. 15, 2017, in Memphis, Tenn.
A public notice for a foreclosure sale of the estate in Memphis was posted earlier this month claiming the Presleys owe $3.8 million after failing to repay a 2018 loan.The lawsuit reads in part: “These documents are fraudulent. Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust.”One is the office of local attorney Brad Russell who is part of Keough’s legal team, according to the lawsuit.
The lawsuit says a deed of trust for Graceland was notarized in Duval County with Lisa Marie Presley’s signature in May 2018. “It’s very puzzling to me because there’s a lot of times when you say there’s two sides to a story, but if you’re talking about lending money, it’s generally either the money was borrowed or it wasn’t,” Board-Certified Real Estate Attorney Barry Ansbacher said. “I think it really highlights some of the value we have for consumer protection in Florida. That can never happen in Florida.”That means that any foreclosure claim must go through the court system.