DOUBLING Down With the Derricos star Deon Derrico’s court war to stop a foreclosure on his Las Vegas home has been shut down by a judge after the bank bought the property, Newsworsldtoday can exclusively reveal.
Deon, 50, and his wife Karen, 41, lost their North Las Vegas, Nevada home that they live in with their 14 children to foreclosure, records show.
FIGHT TO STOP FORECLOSURE
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. –– ADVERTISEMENT ––about:blank
A mediator was assigned to the parties, but court documents show 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 and their 14 children.
He then filed a temporary restraining order to prohibit the foreclosure of the sale, but the court denied the motion in February 2021.
CASE CLOSED
Now, The Sun can exclusively reveal the case was officially dismissed and closed by the judge on October 7, 2021 because the case “has been pending for more than 12 months” and no “action has been taken for six months.”
The case is dismissed “without prejudice,” meaning Deon is able to refile the complaint.
The four-bedroom, three-bathroom home that has been featured on Doubling Down With the Derricos was not sold at the September 1 auction to a third party.
Bank US Trust National Association ultimately purchased the property for $441,842.06, according to the deed on September 10, 2021.
A rep for Deon and Karen did not respond to The Sun’s request for comment at the time.
MONEY TROUBLES
Despite the sale, Deon and Karen were still living in the home with their children, as she has posted videos homeschooling the kids in their room on October 4.
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 a home due to debt, as The Sun previously reported six of his Michigan homes went into foreclosure, according to court documents.