Kiss Guitarist Ace Frehley is facing home foreclosure on his $735,000 Yorktown home because he hasn't paid his mortgage in two years.
Ace Frehley, the former lead guitarist of KISS, owes more than $700,000 on the home and another $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. He also owes interest, late charges and other fees for the two story, three bedroom and three bathroom house that sits on three acres of land. He made his last mortgage payment in March 2011, according to The Journal News.
Like Us on Facebook
Frehley 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 a million dollars. The guitarist made a comeback recently in 2009, releasing the album "Anomaly," which he recorded at the foreclosed home in Westchester County. The album was his first solo record in over 20 years and reached number 27 on the Billboard charts, his best showing since his 1978 self-titled debut album, which was certified platinum. In a 2009 interview with Rock N Roll Experience magazine on the album, Frehley stated "I'm an Anomaly, I'm an un-schooled musician, I don't know how to read music, but I'm one of the most famous guitar players in the world, so go figure."
Frehley was with Kiss from 1973-1982 and was an integral piece in the group's rise to fame in the 1970's. Known as "Spaceman" or "Space Ace," Frehley rejoined the group for a highly successful reunion tour in 1996 and left the group again in 2002. The 61-year-old has been out of rock and roll for the past several years, and most recently played at the Rock n' Roll Fantasy Camp in Las Vegas. Former bandmate Gene Simmons seems to be the man Frehley should ask for help from. Forbes estimates that Simmons is worth up to $300 million.
© 2013 BeautyWorldNews.com All rights reserved. Do not reproduce without permission.