DOUBLING Down With the Derricos stars Deon and Karen Derrico’s Las Vegas home has been officially bought by the bank for $441K after their home went into foreclosure.
Deon, 50, and his wife Karen’s North Las Vegas, Nevada home that they live in with their 14 children is in foreclosure.
The Sun previously reported the four-bedroom, three-bathroom home that has been featured on Doubling Down With the Derricos was not sold at the September 1 auction, as the house was returned to the bank.
Now, The Sun can exclusively reveal that Bank US Trust National Association are the official owners of the home.
According to the deed, the bank purchased the property for $441,842.06, which is the amount of unpaid debt on the home, on September 10, 2021.
A rep for Deon and Karen did not respond to The Sun’s request for comment.
Despite the sale, Deon and Karen are still living in the home with their children, as she has posted videos of her homeschooling the kids in their room.
As The Sun previously reported, Deon filed a petition for foreclosure mediation assistance after the home he purchased in 2015 went into default a month prior, according to court papers in March 2020.
The filing is to provide a “remedy of last resort for the homeowner to avoid foreclosure and loss of his/her home” through a mediation process with negotiations between the lender and owner.
A mediator was assigned to the parties, but they were unable to agree to a loan modification and the negotiations were terminated.
The petition for foreclosure mediation assistance was dismissed and the foreclosure was to be issued in the normal course of business.
Then in February 2021, Deon filed a complaint against US Bank National Association.
The foreclosure sale was to be conducted on or about March 12, 2021, but he claimed the date was “improper.”
He argued that the home is the primary residence of Karen, 41, and their 14 children.
He then filed a temporary restraining order to prohibit the foreclosure of the sale, but the court denied the motion.
Fortunately for the family, the real estate investor has two other homes in Sin City to fall back on.
Deon bought a four-bathroom, four-bedroom home in North Las Vegas in September 2019 for $107,709, according to Clark County property records.
Back in July 2018, Deon bought a four-bedroom, two-bathroom home for $277, 247.
This isn’t the first time Deon has lost his home due to debt, as The Sun previously reported six of his Michigan homes went into foreclosure, according to court documents.
The Sun also revealed the parents filed for bankruptcy five times in the past.