Doubling Down With the Derricos’ Deon & Karen Derrico’s Vegas home in foreclosure after filing for bankruptcy FIVE times

DOUBLING Down With the Derricos’ Deon and Karen Derrico are facing foreclosure on the Las Vegas home they share with their 14 children after filing for bankruptcy five times. 

Deon, 50, and Karen, 41, live in North Las Vegas, Nevada in a four-bedroom, three-bathroom home that has been featured on TLC’s Doubling Down With the Derricos. 

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Deon and Karen Derrico’s Las Vegas home is in foreclosureCredit: TLC
The four-bedroom, three-bathroom home is featured on Doubling Down With the Derricos

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The four-bedroom, three-bathroom home is featured on Doubling Down With the DerricosCredit: TLC

The Sun can exclusively reveal the home is currently in foreclosure and is scheduled for an auction sale.

In March 2020, Deon filed a petition for the foreclosure mediation assistance after the home he purchased in 2015 went into default a month prior, according to court papers. 

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 his wife Karen and their 14 children. 

The family repaired the home and invested over $35,000 in repair and maintenance. 

He claimed they paid the assessments from the Homeowners Association and addressed the related lines on the property to avoid foreclosure. 

He then filed a temporary restraining order to prohibit the foreclosure of the sale, but the court denied the motion. 

An auction for the Sin City home is on Wednesday, September 1 at 9:00am. 

Opening bids for the 2,321 square-foot house will start at $430,254. 

TLC did not immediately respond to The Sun’s request for comment.

BANKRUPTCY DRAMA

The foreclosure comes after The Sun exclusively revealed the parents filed for bankruptcy five times in the past. 

Deon first filed for individual Chapter 13 bankruptcy on October 3, 2011. 

The patriarch listed his debt between $500,001 to $1,000,000. 

Deon did not provide a summary of schedules, which lists creditors, income, expenses and more.

Just days later on October 17, 2011, an attorney for Deon filed to dismiss the bankruptcy. A judge agreed to the dismissal the same day.

On January 30, 2015, Deon filed again for individual Chapter 13 bankruptcy, this time listing the amount of debt as $100,000 to $500,000. 

The court dismissed the case on March 27, 2015 because Deon failed to file the summary of schedules and a statement of financial affairs. 

Then on April 11, 2015, he filed for individual Chapter 13 bankruptcy once again. 

Deon listed his assets at $314, 619 and liabilities, which is money owed, at $600,009.53

Deon requested the case be dismissed, as he said in court papers he “does not want my bankruptcy to continue” on February 11, 2016. 

KAREN’S CASH CRISIS

Then on March 31, 2016, his wife Karen filed for Chapter 13 bankruptcy in just her name, owing a whopping $1,009,691.33 to creditors. 

The case was dismissed by the trustee because of Karen’s alleged failure to comply with notice requirements, failure to file her plan in a timely manner and more on August 8, 2016.

On January 24, 2018, Karen filed for Chapter 13 bankruptcy again, this time listing her debt at $47,567. 

The case was discharged on February 7, 2019.

DEON’S LEGAL TROUBLE

The bankruptcies also come amid Deon’s past legal troubles. 

The Sun previously reported Deon was charged with 13 counts, including theft, false representation concerning title, multiple transactions involving fraud or deceit, and more crimes on June 24, 2014. 

For the theft counts, Deon and a co-defendant were accused of “participating in a fraudulent scheme, to either directly or indirectly gain control of real property… by filing two fraudulent and fictitious quitclaim deeds with the Clark County Recorder’s Office, transferring the [victim’s] property into the name of Derrico and depriving the [victim] of their property.”

The property was valued at over $3,500. 

As for the false representation concerning title counts, the parties were accused of “executing or causing a false or forged quitclaim deed to be recorded in the Clark County Recorder’s Office.”

Deon and the co-defendant also allegedly “notarized the signature of [the victim] on a quitclaim deed to the property belonging to [the victim] without being in the presence of [the victim] and without providing a credible witness or necessary evidence of identification.”

Deon pleaded not guilty at his arraignment. 

The case went to trial in 2018, and an attorney for the State of Nevada requested Deon’s children not be mentioned to the jury because it “might distract the jury from the facts of the case.”

Deon was found not guilty, except for one count of false representation concerning title and one count of notarization of signature of person not in presence of notary public.

The jury was “deadlocked” and the court ordered a “mistrial.”

ON THE SMALL SCREEN

The TLC series premiered in 2020 and just wrapped up season two. 

The show features Deon, Karen and 14 of their children. 

Most recently, Karen shared that she suffered a miscarriage in late 2020. 

Karen and Deon told People in an exclusive statement: “Even though we aren’t strangers to miscarriages, it’s still a tough heartbreak to endure! Our hearts are broken and pieces of it go out to others that have endured this pain.”

The couple added: “However, we must continue to thank God for our children and many other blessings that we have, and in addition we stay prayed up!”

This was Karen’s third miscarriage.

Deon and Karen are parents to fourteen children

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Deon and Karen are parents to fourteen childrenCredit: TLC
They have filed for bankruptcy five times

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They have filed for bankruptcy five timesCredit: TLC
Deon was once charged with fraud, but was found not guilty

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Deon was once charged with fraud, but was found not guiltyCredit: Instagram
Doubling Down With the Derricos – Trailer for season 2 of the TLC show

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