THIS WEEK'S PRIZES:
YOU ARE PROBABLY RICHER THAN ACE FREHLEY
The Journal News reports former KISS guitarist Ace Frehley’s
Yorktown, New York home may be in foreclosure.
A bank is accusing Frehley of not paying the mortgage on his 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 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.
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
Frehley’s house also has almost two years of unpaid taxes,
according to the Yorktown tax receiver’s office, which hasn’t received a payment since Dec. 30, 2011. Back taxes include a 2011 lien of $5,131.61 for town and county taxes, as well as $13,425.94 for unpaid 2012 county, school and town taxes.