The Note Closers Show - The #1 Podcast for Note Investing Is Graceland Facing Foreclosure or Fraud?
Is Graceland really facing a May foreclosure auction or is it a case of mortgage fraud?
USA Today released an article talking about how a private Memphis lender is trying to foreclose on Elvis home by presenting a deed of trust for $3.8 Million that was supposedly lent to Lisa Marie back in 2018. With her death last year, the company is claiming that the loan was not paid back and filed a foreclosure action in Shelby County (Memphis), TN to take back the iconic landmark.
READ THE FULL STORY AT https://snip.ly/graceland
Elvis granddaughter and heir of Graceland, Riley Keogh, is fighting the sale claiming that the deed of trust is fraud and that the money was never borrowed.
What screams fraud (and the same would be said of any private lender) is that there is no lien or deed filed on the Shelby County Recorder office. This would be the first thing that any private lender would do to protect their position.
Naussany Investments and Private Lending in Missouri is the company filing the foreclosure action that was delayed by Keogh's legal team.
We dive deeper into the story and share how we researched this story in the full episode.
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