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question everything

(51,843 posts)
Wed May 22, 2024, 09:59 AM May 2024

The sale of Graceland is now on hold but one has to wonder how many similar bogus loans -

notarized by a notary who has never notarized it - exist and the owners do not realize this until it is too late.

7 replies = new reply since forum marked as read
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The sale of Graceland is now on hold but one has to wonder how many similar bogus loans - (Original Post) question everything May 2024 OP
? we can do it May 2024 #1
Graceland sale halted by judge in Tennessee after Elvis Presley's granddaughter alleges fraud question everything May 2024 #3
That was my first thought kcr May 2024 #2
How did the situation get this far? Sneederbunk May 2024 #4
Elvis' Granddaughter Riley Keough Calls Graceland Foreclosure Sale Attempt 'Fraudulent' in Court Docs question everything May 2024 #6
Good for Riley Keough protecting her family's legacy, and protecting her mom obamanut2012 May 2024 #5
Properties held by estates can be duped and fraudulent claims made. MineralMan May 2024 #7

kcr

(15,522 posts)
2. That was my first thought
Wed May 22, 2024, 10:15 AM
May 2024

Imagine this happening to people who can't afford good representation. This almost happened to one of the most famous properties in America. It's crazy.

ETA link https://wreg.com/news/local/graceland-estate-set-for-hearing-to-stop-foreclosure-auction/

question everything

(51,843 posts)
6. Elvis' Granddaughter Riley Keough Calls Graceland Foreclosure Sale Attempt 'Fraudulent' in Court Docs
Wed May 22, 2024, 11:21 AM
May 2024

Riley Keough, Elvis Presley’s granddaughter and the heir to Graceland, is calling a foreclosure sale of the famed property “fraudulent" in a recently filed complaint.

The 34-year-old is the trustee of the Promenade Trust, and is seeking to block Naussany Investments & Private Lending LLC from selling Presley's iconic Memphis home in a non-judicial sale scheduled for Thursday, May 23. Keough also claims in the complaint that the LLC may not even be "a real entity."

Keough's 60-page lawsuit obtained by PEOPLE on Monday, May 20 was filed in response to Naussany Investments & Private Lending LLC claiming that her late mother, Lisa Marie Presley, borrowed $3.8 million and gave them a deed of trust encumbering Graceland as security before her 2023 death.

Keough alleges that “the note and deed of trust are fraudulent and unenforceable.”

“The purported note and deed of trust are products of fraud and those individuals who were involved in the creation of such documents are believed to be guilty of the crime of forgery,” Keough alleges in the suit

https://people.com/elvis-granddaughter-riley-keough-graceland-foreclosure-sale-attempt-fraudulent-8651540

obamanut2012

(29,243 posts)
5. Good for Riley Keough protecting her family's legacy, and protecting her mom
Wed May 22, 2024, 10:29 AM
May 2024

Since they amd eit look like Lisa Marie signed off on this. Literally. I hope the Notary sues, too.

MineralMan

(150,864 posts)
7. Properties held by estates can be duped and fraudulent claims made.
Wed May 22, 2024, 11:27 AM
May 2024

Often, the heirs and executor don't really know what to do, and the attorneys they hire can sabotage their control very easilly.

I handled the sale of my parents' farm, which was already in escrow when they died, both on the same day. It was very complicated to do so, even though the farm was held in trust. Fortunately, I had a good lawyer who knew what to do with the entire thing. But, I paid very close attention to any documents I signed and had notarized. It's easy to make mistakes or to be led to make mistakes.

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