Riley Keough Appreciates Fast Legal Action in Foreclosure Threat: 'Anything to Protect Graceland' (Exclusive Source)

• A source tells PEOPLE that Riley Keough “appreciates the swift legal action” behind stopping the foreclosure attempt on Elvis Presley’s Graceland estate
• The Daisy Jones and six star previously filed a lawsuit claiming Naussany Investments & Private Lending LLC’s attempt to sell the property was a “fraud”
• Tennessee Attorney General Jonathan Skrmetti recently announced that “[look] in” the mysterious company’s attempt to sell Graceland

Riley Keough is happy to have resolved the recent drama surrounding her grandfather Elvis Presley’s iconic Graceland estate, a source tells PEOPLE.

After a legal battle between Daisy Jones and six star, 34, and Naussany Investments & Private Lending LLC over the company’s attempt to sell the Memphis, Tenn., property, an insider says Keough is grateful he stopped the sale.

“Riley is grateful for the quick legal action that stopped the foreclosure sale. She was pretty shocked and confused at first, but so far everything is fine,” a source told PEOPLE. “He will do anything to protect Graceland.”

Elvis’ granddaughter Riley Keough calls foreclosure attempt to sell Graceland a “fraud” in court documents

PEOPLE previously obtained a 60-page lawsuit filed by Keough’s attorneys on May 20 asking the courts to block the allegedly “fraudulent” attempt to sell the property, which was set for a May 23 foreclosure auction. She claimed that Naussany Investments & Private Lending LLC was trying to trick her family into selling Graceland by forging the signature of her late mother, Lisa Marie Presley, the only daughter of Elvis and Priscilla Presley.

During a hearing Wednesday, May 22, in Memphis, a judge halted the sale, stating that under state law, any sale or “loss” of the property “shall be deemed irreparable harm.”

Graceland rep speaks out after judge halts sale after foreclosure attempt: ‘No validity’

Exterior view of Graceland in 2018.

GAB/Redferns Archive

Graceland and Elvis Presley Enterprises later released a statement to PEOPLE, writing, “As the court has now made clear, the allegations were not valid.”

“There will be no enforcement,” both sides wrote. “Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans around the world can continue to have a best-in-class experience when visiting his iconic home.”

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Elvis Presley Enterprises added in another statement to PEOPLE: “There is no foreclosure sale. Simply put, a counterclaim [that] was filed to stop the fraud.”

Hours after the sale was blocked, Keough’s attorney “received an email from Gregory Naussany confirming that they do not intend to proceed with their request,” a rep for Graceland said in a statement to PEOPLE.

Naussany reportedly said the company would not proceed because a key document in the case and a loan allegedly taken out by the late Lisa Marie Presley were recorded and obtained in another state, meaning legal action would need to be filed in more than one state, according to the Associated Press. The name of the other country remains unclear.

Priscilla Presley and Riley Keough.

Jason LaVeris/FilmMagic

“There was no harm done to Ms. Keough,” someone named Gregory Naussany said in an email to Memphis trade appeal.

The AP reported that Naussany had a motion denying the allegations in Keough’s lawsuit and opposes the Graceland estate’s request for an injunction that the judge denied.

The Appealmeanwhile, he reported that the Shelby County Clerk’s office confirmed that it had not heard from Naussany Investments since Wednesday’s hearing.

Naussany Investments did not immediately respond to PEOPLE’s request for comment.

On Thursday, May 20, Tennessee Attorney General Jonathan Skrmetti announced that “[look] in” an attempt by a mystery company to sell Graceland. Naussany previously claimed that Lisa Marie loaned $3.8 million and gave them a deed of trust that encumbered Graceland as security before her death in January 2023.

Priscilla Presley, Lisa Marie Presley and Riley Keough in 2015.

Eric Charbonneau/Getty

Tennessee Attorney General ‘Investigates’ Graceland’s Foreclosure Sale Attempt Riley Keough Called ‘Fraud’

“Graceland is one of the most iconic landmarks in the state of Tennessee, and the Presley family has generously shared it with the world since Elvis passed away,” Skrmetti wrote in a press release Thursday.

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“Elvis made Memphis the center of the musical universe, and Graceland stands as a monument to his legacy and a fond memory for his family,” he continued. “My office has fought fraud against homeowners for decades, and there is no home in Tennessee more desirable than Graceland.”

“I have asked my attorneys to review this matter, determine the full extent of any misconduct that may have occurred, and identify what we can do to protect both the heirs of Elvis Presley and anyone else who may be similarly threatened,” he added. Skrmetti.

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