DOUBLING Down With the Derricos star Deon Derrico boasted about “buying up blocks” and promoted his real estate business following his home foreclosure.
The TLC star shared his new business venture in an Instagram post.
5
5
While taking to Instagram on Thursday, Deon shared a photo of himself in front of a home and separate garage.
The Doubling Down With the Derricos star sported a beanie, sunglasses and hoodie with his last name on it.
He captioned the post: “One of my many passions from a child through this current day was and has always been Real Estate/ investing into houses and commercial property!!
“What a blessing it has been to me and my family thanks to @nesha928 and my Brother from another mother Chris Emerson, for loving me, enough to teach me the ropes over 25 years ago!!!
“Buying up blocks at a time.”
Deon continued: “If you or someone that you know own a home and in need of saving your home please DM, me that’s one of my areas of expertise!
Most read in Entertainment
“It’s very likely I’ll be able to find a workable solution for your situation… any and all communication between the individual of a distressed home and I, regarding your housing situation is totally confidential!”
Deon, who previously confirmed his TLC show will return for a third season, shared the news after suffering from money troubles.
HOME FORECLOSURE
Deon and his wife Karen, 41, lost their North Las Vegas, Nevada home that they live in with their 14 children to foreclosure.
The patriarch 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 was 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, though 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.
Deon filed a complaint against US Bank National Association in February 2021.
The foreclosure sale was to be conducted around March 12, 2021, but he claimed the date was “improper.”
The father of 14 argued that the home is the primary residence of Karen and their children.
Deon then filed a temporary restraining order to prohibit the foreclosure of the sale, but the court denied the motion in February.
CASE DISMISSED
The Sun exclusively reported that the case was officially dismissed and closed by the judge on October 7, 2021 because it “has been pending for more than 12 months” and no “action has been taken for six months.”
The case was dismissed “without prejudice,” which means the TLC star 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.
FINANCIAL WOES
Despite the sale, Deon, Karen and there kids were still living in the home.
Fortunately for the family, the real estate investor has two other homes in Sin City to fall back on.
According to Clark County property records, Deon bought a North Las Vegas home in September 2019 for $107,709.
In July 2018, the father of 14 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.
The Sun also revealed the parents filed for bankruptcy five times in the past.
5
5
5
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/MT32UR36GFEUFB446QMHEUA3T4.jpg)
