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Doubling Down With the Derricos’ Deon & Karen Derrico’s Vegas home in foreclosure after filing for ban…

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. 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.

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