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Tuesday, February 26, 2013

Bank Files Foreclosure On Ace Frehley Home

Ace Frehley
A bank is accusing Ace Frehley, a former member of the rock group KISS, of not paying the mortgage on his Yorktown, NY 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 Feb. 15 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, according to lohud.com.

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.

Frehley, now a solo musician, became famous in the 1970s as the lead guitarist for KISS, a band beloved for its outlandish costumes, stage shows and heavy metal music. Frehley left the group in 1982 and rejoined it from 1996 to 2002.

KISS charted its biggest hits while Frehley was a member in the 1970s. The group’s highest-charting song was the ballad “Beth,” which hit No. 7 on Billboard’s Hot 100 in 1976.

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