Tag Archives: financial problems

Former KISS Guitarist ACE FREHLEY’s Home In Foreclosure

Ernie Garcia of lohud.com reports that a bank is accusing former KISS guitarist ACE FREHLEY of not paying the mortgage on his Yorktown home for almost two years.

U.S. Bank National Association claims that the rock star, whose real name is Paul Frehley, stopped paying his $735,000 mortgage on March 1, 2011.

In its February 15th foreclosure filing, the bank asked the court to order a sale of the home to pay for the outstanding principal of $703,581.48 plus interest, late charges and other expenses.

Frehley, 61, borrowed the money in 2006 for the one-family home at 1347 Spring Valley Road that sits on 3.01 acres. The 2,441-square-foot house has two floors, three bedrooms and three bathrooms.

Further details available here.