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Bank Forecloses on KISS Member Ace Frehley's Home

Ace Frehley, former guitarist of the 1970s band KISS, owes more than $700,000 on his $735,000 house, which has been foreclosed in Westchester County, New York.

Frehley, who made millions with KISS, also owes nearly $20,000 for taxes to the county, the town of Yorktown and the local school district that he didn't pay in 2011 or 2012.

According to the Journal News, Frehley made his last mortgage payment in March of 2011.

He bought the 2,441-square-foot house in 2000 for $650,000 and refinanced it in 2006 with a loan for nearly three-quarters of $1 million.

The house is two stories and has three bedrooms and three bathrooms on three acres of land.

U.S. Bank National Association, the issuer of his mortgage, foreclosed on the house on Feb. 15.

In addition to the outstanding balance on his loan, Frehley, 61, also owes interest, late charges and other fees.

Frehley has a recording studio in the house, where he recorded his 2009 album 'Anomaly,' which went to number 27 on the Billboard charts.

It was his best showing in since his 1978 self-titled debut album, which was certified platinum.

Frehley has pursued a solo career on-and-off since 1978. He last left KISS in 2002 following a reunion tour, which flopped.

Source: Journal News


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