DOUBLING Down with the Derricos star Deon Derrico’s Las Vegas home has been sold for $389,000 over a year after a bank bought the foreclosed house, The U.S. Sun can exclusively reveal.
TLCDeon Derrico’s Las Vegas home has officially been sold by the bank[/caption]
TLCA bank bought the home after the abode went into foreclosure[/caption]
InstagramDeon, who shares 14 children with his wife Karen, tried to fight the foreclosure[/caption]
The U.S. Sun can exclusively reveal from court papers that U.S. Bank Trust National Association sold the home to a buyer on February 2, 2023 for $389,900.
The two-story house features four bedrooms and three bathrooms.
The kitchen boasts stainless steel appliances and an island for additional counter space.
The home also has a garage and patio in the backyard.
The house was up for sale at a September 1, 2021 auction, but was not sold and returned to the bank.
The bank officially purchased the property for $441,842.06, which is the amount of unpaid debt on the home, on September 10, 2021.
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 U.S. 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.
REAL ESTATE HELL
This isn’t the first time Deon, who works in real estate, has lost his home due to debt, as The U.S. Sun previously reported six of his Michigan homes went into foreclosure, according to court documents.
The U.S. Sun also revealed the parents filed for bankruptcy five times in the past.
Doubling Down with the Derricos returns for season four on May 30.
InstagramThe house has appeared on the TLC show[/caption]
TLCThe show will return for season four in May[/caption]