Graceland’S Foreclosure Averted, Riley Keough Expresses Gratitude

Riley Keough “Grateful” for Swift Legal Action to Halt Graceland’s Foreclosure Sale

Riley Keough, the granddaughter of music legend Elvis Presley, has expressed her appreciation for the prompt legal action that prevented a foreclosure sale of Graceland, Elvis’s iconic estate.

A source close to Keough told PEOPLE, “Riley is incredibly thankful for the swift and effective legal actions that successfully halted the foreclosure sale.” They added, “She was initially taken aback and concerned, but thanks to the decisive legal intervention, the situation has been resolved for now. Riley is fiercely protective of Graceland and will take all necessary steps to preserve its legacy.”

Earlier this month, Keough’s attorneys filed a 60-page lawsuit alleging fraud in an attempt to sell Graceland. The lawsuit claimed that Naussany Investments & Private Lending LLC forged the signature of Keough’s late mother, Lisa Marie Presley, Elvis’s only child, in an attempt to force the sale of the estate.

On May 22, a judge ruled in favor of Keough, halting the foreclosure sale, citing “irreparable harm” if the estate were to be sold or lost.

Following the court’s decision, Graceland and Elvis Presley Enterprises issued a statement to PEOPLE, saying, “The court’s decision has made it clear that the claims against us were unsubstantiated.” They added, “Graceland will continue to operate as it has for over four decades, providing a world-class experience for Elvis fans who visit his iconic home.”

The legal battle over Graceland highlights the lengths to which Keough and her family will go to protect the legacy of Elvis Presley. As the sole heir to her father’s estate, Riley Keough is committed to ensuring the preservation and continued availability of Graceland for future generations of music lovers and fans of the King of Rock and Roll.