A shocking new development š„ Deon Derrico is in serious trouble as his house is reportedly about to be foreclosed!
A shocking new development š„ Deon Derrico is in serious trouble as his house is reportedly about to be foreclosed!
Taking to Instagram, the reality star shared a sweet video of himself serenading his kids with a song as they happily chuckled away.
Deon took inspiration from the Teenage Mutant Ninja Turtles as he belted out his own rendition of ācowabunga,ā much to the amusement of his adorable kids.
TheĀ Doubling Down With the DerricosĀ stars share a four-bedroom, three-bathroom home that has been featured on TLCāsĀ Doubling Down With the Derricos.
The Sun exclusively revealed earlier this month that theĀ home is currently in foreclosureĀ and is scheduled for an auction sale.
Deon filed aĀ petition for the 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 āremedy of last resort for the homeowner to avoid foreclosure and loss of his/her homeā 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 āimproper.ā
He argued that the home is the primary residence of his wife 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.
An auction for the Sin City home is on Wednesday, September 1 at 9:00am with opening bids for the 2,321 square-foot house starting at $430,254.
This comes after the couple filed forĀ bankruptcy five times.
