As the original guitarist for the band KISS, Ace Frehley spent most of the ‘70s as a true rock star, part of an immensely popular group that packed arenas around the world, sold millions of records—in those prehistoric times when people couldn’t pirate music from the Internet—and routinely deployed enough on-stage pyrotechnic effects to repel a Klingon invasion. Since those glory days, Ace’s career has been erratic: He’s been in and out of KISS, had well-publicized battles with controlled substances, and toured as a solo act with reasonable success. Nowadays, Ace Frehley may remain a music legend—he’s Ace Frehley, after all—but it seems that he’s just joined the ranks of those who are struggling with their housing payments. On February 15, a bank filed to foreclose on his 2,441-square-foot Yorktown home.
Ace seems to have run into an increasingly common problem among homeowners: He owes more on his property than it is worth on the market. The rock legend, who hasn’t made a mortgage payment since 2011, is on the hook for over $700,000 on a home that has been recently valued at only $563,909. The upside is that we may get a decent song out of the whole episode; this is a man who once turned his near-fatal electrical accident into a hit KISS tune (“Shock Me”).
If you’re in trouble with your mortgage, call Long Island foreclosure attorney Ronald D. Weiss to discuss your best options.