Elvis Presley's granddaughter Riley Keough is reportedly "traumatized" by the idea of the Rock n' Roll legend's Graceland estate in Memphis, Tennessee, being auctioned off and sold to a "random stranger."

Keough, who inherited the mansion after her mother Lisa Marie Presley died, has been fighting a company that is trying to sell the estate.

Elvis Presley's Graceland Estate Is Being Sold at a Foreclosure Auction, and Granddaughter Riley Keough Has Been Fighting It

According to Sky News, Naussany Investments and Private Lending, the company behind the sale, claimed that Lisa Marie Presley signed a deed of trust in 2018 to secure a $3.8 million loan, and Graceland was used as collateral.

Naussany noted that Lisa Marie failed to pay back the loan before her death last year, which sparked the foreclosure. However, a judge temporarily delayed the foreclosure this week after Riley Keough filed a lawsuit to contest the sale, The New York Post reported.

In her May 15 lawsuit filed in Shelby County Chancery Court, Elvis Presley's granddaughter asserted that the documents "are fraudulent" as her mother never borrowed any money from Naussany, which they said is not even a legitimate company, and her signature was forged.

A public notice from the Shelby County Courthouse said the estate would go to the "highest and best bidder for cash" after an auction initially scheduled for May 23. However, the auction will not proceed as Keough's lawyer secured a temporary restraining order. A court hearing is reportedly scheduled for May 22.

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Elvis Presley's Granddaughter Riley Keough 'Traumatized' by the Idea of Graceland Estate Being On Sale

A source told the New York Post that Riley Keough is "traumatized" by what has happened and "never thought that a historic piece of property" could go into "the hands of any random stranger."

Elvis Presley's former wife, Priscilla Presley, shared a short video of Graceland on social media with the caption: "It's a Scam!" Elvis Presley Enterprises issued a statement supporting Riley Keough's claims, emphasizing that "there is no foreclosure sale" and that the lawsuit was filed "to stop the fraud," local TV news outlet WREG reported.

Graceland was purchased by the King of Rock n' Roll in 1957 for $102,500. After it became a museum in 1982 as a tribute to Elvis, who died in August 1977, the sprawling 13.8-acre estate attracts hundreds of thousands of visitors each year.

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