02.24.13

Probably Not Coming To Kickstarter Anytime Soon : “Let’s Save Ace Frehley’s House”

Posted in Real Estate at 3:29 pm by

I apologize to Yo La Tengo for the above headline.  The Journal News’ Ernie Garcia reports former Kiss guitarist / best-selling author Ace Frehley has been accused of mortgage firm U.S. Bank National Association of not making payments on his Yorktown, NY in nearly two years.

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.

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.

According to Yorktown records, Jendell Productions bought the home on Nov. 17, 2000, for $650,000. The company then transferred ownership to Frehley in 2004 for no money.

Jendell is the name of the fictional home planet for Frehley’s extraterrestrial “Spaceman” stage character, who wore silver face paint and black lipstick.

Leave a Reply