"Ain't nobody getting evicted, ain't nobody moving," Austin wrote on Instagram on July 8, the day after the notice of default leaked online. Ace Hat Collection used $20,000 of the loan to pay off mortgage interest in 2020, the ProPublica database shows.īoth Austin and Catherine McBroom denied rumors they would be evicted. The debt-collection company's notice leaked online in July, following revelations that Ace Hat Collection was approved for a $108,332 federal loan from the Paycheck Protection Program in May 2020, according to ProPublica's database of beneficiaries of the program. Then, on August 30, a notice of trustee's sale was sent to the McBrooms that stated their property would be up for sale at a public auction for an estimated $9.3 million. Photo by Cliff Hawkins/Getty Images for LivexLiveĪccording to a notice of default issued by a debt-collection company and served to the McBroom residence on May 21, they had 90 days to pay back $8.7 million they owed their lender. In this case, the beneficiary is a financial lender called 5 Arch Funding Corporation. On October 19, it was returned to the beneficiary - a legally designated entity that receives benefits from financial products - when it did not receive bids at a public foreclosure auction. Public property records show that Ace Hat Collection signed a deed of trust - a legal agreement between a lender, a borrower, and a trustee - for the Los Angeles property on July 19, 2019.īy May 2021, the property was at risk of foreclosure, in a legal stage known as preforeclosure.
The McBrooms serve as CEO and secretary of Ace Hat Collection Inc., the umbrella company for the ACE Family. The family, which includes two daughters (ages 3 and 5) and a 1-year-old son, moved into a massive $10.1 million Los Angeles mansion in 2019 that's featured in most of their videos.īut property records obtained by Insider show their idyllic lifestyle could be in financial peril.
It often indicates a user profile.Īustin and Catherine McBroom show off what looks like a fairy-tale lifestyle on their ACE Family YouTube channel, which has more than 19 million subscribers. Account icon An icon in the shape of a person's head and shoulders.
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