Ace Frehley's Home Facing Foreclosure After Late Mortgage Payments?

Ace Frehley's home in New York is facing foreclosure after the KISS rocker allegedly fell behind on his mortgage payments. The guitarist has not paid the mortgage on his Yorktown pad since March 1, 2011, leading bosses at the U.S. Bank National Association to take immediate action against the musician, reports local publication LoHud.com.

Executives filed legal papers on February 15, 2013, asking a court to order a sale of the house to cover the outstanding balance, which currently amounts to $703,582 plus interest, late fees and other expenses. Frehley - a multi-millionaire - has also fallen behind on the property's county, town and school taxes. He owes $18,558 stemming from the years 2011 and 2012. It's difficult to image Frehley is in any real financial difficulties - he's probably just forgot to pay the mortgage. And his taxes. According to The Richest.org, the KISS man has a net worth of around $35 million. We really don't think he's going to have sell his place to pay the money due on the mortgage.

Ace played as the 'Spaceman' in KISS from the band's inception until his departure in 1982, enjoying a solo career before re-joining Gene Simmons band for a hugely successful reunion tour in 1996. Frehley released his autobiography, No Regrets, in 2011.

Ace FrehleyMaybe Ace Frehley Can Sell A Couple Of Guitars To Pay For His House?


Contactmusic

Tags: Ace Frehley


Editors Recommendations

No, AC/DC Are Not Splitting Up After All. Probably.

It looks like AC/DC fans can breathe a sigh of relief, because rumors of the band’s...

No, AC/DC Are Not Splitting Up After All. Probably.

Allergic Reaction To Blame For Miley Cyrus' Cancelled Tuesday Gig

Miley Cyrus has had it rough this week, as the star has been hospitalized for a severe allergic...

Allergic Reaction To Blame For Miley Cyrus' Cancelled Tuesday Gig

'Transcendence': Negative Reviews For Johnny Depp's 'Lone Ranger' Comeback

‘Transcendence’ is a stern Springtime test for Johnny Depp; the 50-year-old actor mooted...

'Transcendence': Negative Reviews For Johnny Depp's 'Lone Ranger' Comeback

Paul Walker's Brothers Brought In By Universal To Complete Late Actor's "Fast & Furious 7" Scenes

The team behind Fast & Furious 7 has come up with a untraditional solution to finish...

Paul Walker's Brothers Brought In By Universal To Complete Late Actor's

Game of Thrones' Jack Gleeson On Joffrey, Screen Deaths And His Indefinite Retirement

Let’s get the spoiler alert out of the way first: if you haven’t seen Season 4 Episode 2...

Game of Thrones' Jack Gleeson On Joffrey, Screen Deaths And His Indefinite Retirement

Why Did Nobody Watch The 'Mad Men' Season 7 Premiere?

We're not sure what everyone was watching on Sunday night, but the season seven premiere...

Why Did Nobody Watch The 'Mad Men' Season 7 Premiere?

The Next 'Breaking Bad'? 'Fargo' Ep. 1 Is A Must-See [Video]

New television series Fargo premiered last night on FX, giving American audiences...

The Next 'Breaking Bad'? 'Fargo' Ep. 1 Is A Must-See [Video]

Lindsay Lohan's Mother, Dina, Loses Driving Licence After Pleading Guilty To DUI

A member of the Lohan family has ran into trouble with the law, yet again...

Lindsay Lohan's Mother, Dina, Loses Driving Licence After Pleading Guilty To DUI

The First 'Gone Girl' Trailer is Weird And Different To Other Trailers

“I did not kill my wife!” exclaims Ben Affleck in the first official trailer for David Fincher’s...

The First 'Gone Girl' Trailer is Weird And Different To Other Trailers


More recommendations

Comments

Ace Frehley Newsletter

Subscribe to this news alert service to receive news and reviews on Ace Frehley

Unsubscribe | Unsubscribe All