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A bank is looking to foreclose on former Kiss guitarist Ace Frehley‘s home in Yorktown, N.Y. In the filing, the bank claims Frehley has not paid his mortgage since March 1, 2011.
According to lohud.com, Frehley owes a principal of $703,581.48, plus interest, late charges and fees from a $735,000 mortgage he took out in 2006. U.S. Bank National Association is asking the local court to force the sale of the three-acre plot, which includes the 2,441-square foot, two-story, three-bedroom house.
In addition to his unpaid mortgage, public records show that Frehley has not paid taxes on the property since Dec. 30, 2011. A lien of approximately $5,000 was placed in 2011, and he owes more than $13,000 in 2012 back taxes.
The Westchester County house was purchased in 2000 by Jendell Productions – so named after the home planet of Frehley’s “Spaceman” persona – and transferred to Frehley four years later at no cost. It is not known if it serves as Frehley’s residence, but it listed as the business address for Max Cake Productions, a movie and video company owned by Frehley.
Neither Frehley nor the bank had any comment on the matter.
http://ultimateclassicrock.com/ace-frehley-house-foreclosure/
