Ace Frehley home mortgage-- A bank is accusing Ace Frehley of not paying the mortgage on his Yorktown home for almost two years. U.S. Bank National Association claims that the rock star, whose real name is Paul Frehley, stopped paying his $735,000 mortgage on March 1, 2011.
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.
Frehley could not be reached for comment, and his personal assistant John Ostrosky did not respond to an email sent to an address posted on Frehley’s website. One of Frehley’s companies, Max Cake Productions, uses the home as its business address.
The bank’s attorney, Elizabeth A. Clarke at Shapiro, DiCaro & Barak in Rochester, declined to comment on the foreclosure filing.
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.
Frehley’s house also has almost two years of unpaid taxes, according to the Yorktown tax receiver’s office, which hasn’t received a payment since Dec. 30, 2011. Back taxes include a 2011 lien of $5,131.61 for town and county taxes, as well as $13,425.94 for unpaid 2012 county, school and town taxes. Tolong Share ya ^^
