​Ace Frehley Home In Dire Straits, Bank Forcloses​​

By: | 02/28/2013 11:09 AM ET
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Ace Frehley is losing his home to foreclosure after missing his mortgage payments for more than two years. The former lead guitarist of band KISS owes $700,000 on his $735,000 house in Westchester County, New York.

The 1970s rock legend also owes nearly $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.

Frehley bought the 2,441-square-foot house in 2000 for $650,000 and refinanced it in 2006.

The house is two stories and has three bedrooms, three bathrooms, and sits on three acres of land.

U.S. Bank National Association, the issuer of his mortgage, foreclosed on February 15.

In addition to the outstanding balance on his loan, he also owes interest, late charges and other fees.

Frehley, 61, has a recording studio in the house, where he recorded his 2009 album “Anomaly.” It was his first solo-record in 20 years, and it climbed to number 27 on the Billboard charts. It was his best showing in since his 1978 self-titled debut album, which was certified platinum.

Frehley has pursued a solo career on-and-off since 1978 and last left the band in 2002 following a reunion tour.