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Ace May Lose Place

Original Kiss guitarist Ace Frehley could lose his home after a bank foreclosed on his house because he hasn’t paid the mortgage in two years.  He owes $700,000 on his $735,000 New York home.  He also owes more than $20,000 to the county, the town of Yorktown and the school district.  Frehley made his last mortgage payment in 2011.  He bought the 2,441 square foot house in 2000 for $650,000 and refinanced it in 2006.

Ace was the Spaceman, or Space Ace in the original Kiss lineup from 1973 to his departure in 1982.  He rejoined the band in 1996 and stayed until 2002.  His latest album, Anomaly, was released in 2009.  Guitar World magazine ranked him 14th Greatest Metal Guitarist of All Time.