Ace Frehley May Lose New York Home

Ace Frehley, the former guitar player for KISS, is facing foreclosure on a Yorktown, New York property. The U.S. Bank National Association, which loaned Frehley $735,000 in 2006, says he owes a principle of $703,581.48, plus interest, late charges and fees after not paying on the mortgage since 2011.

Public records show that the Spaceman hasn't paid taxes on the property since December 2011. A lien of approximately $5,000 was placed in 2011, and he owed more than $13,000 in 2012 back taxes.

The home at 1347 Spring Valley Road sits on 3.01 acres. It has 2,441-square-feet spread over two floors, three bedrooms and three bathrooms.

Frehley has not commented on the situation, and the guitarist is currently split with his former band.

Copyright(c) 2013 RTTNews.com. All Rights Reserved