MEMPHIS, Tenn. — Tennessee Attorney General Jonathan Skrmetti has announced his office will investigate the attempted foreclosure of Graceland.
The Attorney General’s Office made the announcement Thursday afternoon, one day after Naussany Investments and Private Lending, LLC, withdrew its claim to the estate.
The company had claimed that the late Lisa Marie Presley, daughter of Elvis Presley, signed a deed of trust that secured a $3.8 million dollar loan and used Graceland as collateral. Naussany Investments claimed that she never paid the company back before she died in 2023.
Lisa Marie Presley‘s daughter, actress Riley Keough, filed a 60-page lawsuit against Naussany Investments, claiming that her mother never borrowed any money from the company. The lawsuit also claimed that the company appeared to be fictitious.
Graceland was scheduled to go to auction Thursday morning, but a Shelby County judge halted the sale Wednesday.
“The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law. And in being unique, the loss of the real estate would be considered irreparable harm,” Chancellor Joe Dae Jenkins said. “Graceland is part of this community and well-loved by this community and around the world.”
NewsNation affiliate WREG made several attempts to contact the company. A man named Kurt Naussany responded in an email, telling WREG that the company withdrew its claim “due to the Deed of Trust not being recorded and the loan being obtained in a different state.”
He also claimed that he has not been affiliated with the company since 2015.
Skrmetti released a statement on the investigation.
Graceland is one of the most iconic landmarks in the State of Tennessee, and the Presley family have generously shared it with the world since Elvis’s passing. Elvis made Memphis the center of the music universe, and Graceland stands as a monument to his legacy and a fond remembrance for his family. My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland. 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.