Ace Frehley Facing Foreclosure
Former Kiss guitarist Ace Frehley may lose his house in Yorktown, New York, after the U.S. Bank National Association accused him of not paying his mortgage for almost two years, the Journal News reports.
According to the bank, Frehley stopped paying his $735,000 mortgage on March 1st, 2011. In a foreclosure filing issued February 15th, the bank asked a court to order the sale of the home for the outstanding amount owed: $703,581.48 plus interest, late charges and other expenses.
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Along with failing to pay his mortgage, the Yorktown tax reciever’s office says Frehley’s house has racked up almost two years’ worth of unpaid taxes and that a payment has not been received since December 30th, 2011. Frehley reportedly owes $5,131.61 for town and county taxes, plus $13,425.94 for unpaid 2012 county, school and town taxes.
The Yorktown home was purchased by Jendell Productions – most likely a company owned by Frehley, as “Jendell” is the fictional home planet for the guitarist’s onstage persona, “Spaceman” – in November 2000 for $650,000. The company transferred ownership to Frehley in 2004.
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