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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe 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.
we can do it
(12,257 posts)question everything
(47,820 posts)kcr
(15,340 posts)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/
Sneederbunk
(14,409 posts)question everything
(47,820 posts)Riley Keough, Elvis Presleys 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
(26,327 posts)Since they amd eit look like Lisa Marie signed off on this. Literally. I hope the Notary sues, too.
MineralMan
(146,409 posts)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.