MEMPHIS, Tenn. – The famous home of Elvis Presley, Graceland, is set for a foreclosure auction on Thursday.

The filing from this month states that in 2018, Lisa Marie Presley allegedly borrowed $3.8 million from a Missouri company, known as Naussany Investments and Private Lending LLC. It goes on to say that the money was never paid back, and Graceland was used as collateral.

Riley Keough, Elvis’ granddaughter, took ownership of Graceland after Lisa Marie died in January 2023. She, along with her attorneys, say the documents are fraudulent.

Mystery credit card charges for downtown parking explained

“It surprises me to see someone attempt to move forward with something on this magnitude with a document that appears so blatantly fraudulent on its face,” Jeff Germany, Riley Keough’s Attorney, said.

FOX 2 searched for the Missouri business but had no results appear for Naussany Investments. The number listed in the lawsuit was no longer in service.

An injunction hearing is scheduled for Wednesday morning.

Despite all of this, those who work at Graceland say they are unaffected and are open for tours seven days a week.