Dustin 'Screech' Diamond Facing Third Foreclosure in Five Years

Dustin Diamond is facing foreclosure for the third time in five years.

His bank just filed new legal docs claiming the former "Saved by the Bell" star owes over $278,000 on his Wisconsin home.

Screech had his first foreclosure scare in 2006 -- when he allegedly fell behind $250,000 on his mortgage payments. It all happened again a few months ago in April -- except according to Wells Fargo Bank, Screech's debt had ballooned to $290,000.

Now, the foreclosure monster is rearing its ugly head yet again.

Wells Fargo just filed more foreclosure papers in Wisconsin, claiming DD is still in default, owing $278,309 since May, and now the bank is tightening the screws.

Wells Fargo wants to recoup their losses stat, demanding immediate foreclosure on Screech's property.

So far, no word from the goateed one.

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