DOUBLING Down with the Derricos star Deon Derrico has gained full ownership of his $419,000 Las Vegas home after his wife, Karen, begged for a bigger house for them and their 14 children.
Deon, 52, his wife Karen, 43, have struggled with financial issues over the years, as their Las Vegas home featured on Doubling Down with the Derricos went into foreclosure.
The U.S. Sun can exclusively reveal Deon has obtained full ownership of another North Las Vegas home he owns.
In the Quitclaim Deed obtained by The U.S. Sun, a man named Domenik Leason Bryan sold his five percent stake in the home to Reec Enterprises LLC, which is Deon’s real estate company, on March 14, 2023.
The owners listed on the home are now Deon and Reec Enterprises.
The 2,076 square-root abode features four bedrooms and two bathrooms.
According to real estate websites, it is currently estimated at around $419,000.
DEBT PAID OFF
But that isn’t the only real estate win for Deon, as The U.S. Sun can also exclusively reveal a lien has been released on a separate North Las Vegas home on April 3, 2023.
The Release of Lien reads: “The owners of said described parcel fully satisfied the indebtedness.”
The owners of the property are Deon and his company.
The 3,084 square-foot home boasts four bedrooms and four bathrooms.
It is currently estimated at around $537,000.
The U.S. Sun could not confirm if the family is currently living in either of the homes.
This comes after the house featured on Doubling Down with Derricos went into foreclosure and was sold.
As The U.S. 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 and their 14 children.
He then filed a temporary restraining order to prohibit the foreclosure of the sale, but the court denied the motion.
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.
The U.S. Sun reported 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.
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.
In a trailer for the upcoming season, Karen begged her husband for a larger house for their brood.
She said: “This small house has caused a lot of stress. I try not to get emotional, but I want a bigger house.”
Deon said: “It feels like we’re in one room.”
Doubling Down with the Derricos returns for season four on May 30.