(The Center Square) – Investigation into the attempted foreclosure of Graceland, the former residence of Elvis Presley, will be done by the office of Tennessee Attorney General Jonathan Skrmetti.
Presley’s granddaughter, Riley Keough, requested and received a stay blocking the foreclosure earlier this week in federal court.
After the stay, Gregory Naussany of the two companies attempting to foreclose on the property – Naussany Investments and Private Lending – told the Memphis Commerical-Appeal via email that the firms are dropping the attempted foreclosure sale.
Keough accused the companies of trying to defraud her family into selling Graceland.
The companies had said the Presley family had defaulted on money owed on the property.
“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’ passing,” Skrmetti said in a statement. “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.”
Skrmetti said his office will look into the full extent of any misconduct in the case and identify how to protect Presley’s heirs.
Graceland opened to the public on June 7, 1982, and has nearly 1 million visitors annually. Only the White House has more among residences.
Elvis Presley is widely known as the “King” of rock ‘n’ roll. He was born in Tupelo, Miss., Jan. 8, 1935, and died at Graceland on Aug. 16, 1977.
