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Elvis Presley’s granddaughter, Riley Keough, is contesting a foreclosure auction of Elvis’s iconic Graceland estate in Memphis, Tennessee.

A company called Naussany Investments claims it loaned Elvis’ daughter, Lisa Marie Presley, $3.8 million in 2018. The company alleges she used Graceland as collateral to secure the loan.

Naussany Investments claims Lisa Marie never paid back the loan before she died in January 2023.

The famed estate, located on Elvis Presley Boulevard, was scheduled to be sold on the courthouse steps on May 23, to satisfy the debt.

But Riley is contesting the court-approved foreclosure.

In a 60-page lawsuit against Naussany Investments, Riley insists her mother never borrowed any money.

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Riley, who inherited the estate when her mother died, is adamant that Naussany Investments

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