How can this be? Former Kiss guitarist Ace Frehley surely must have made a mountain of money! But reports say the rocker may lose his house in Yorktown, New York because he hasen’t paid his mortgage for almost two years. Could it be he has some of the same bad habits of Aerosmith’s Steven Tyler?
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According to the bank, Ace stopped paying his $735,000 mortgage on March 1st, 2011. In a foreclosure filing issued February 15th, the bank asked a court to order the sale of the home for the outstanding amount owed: $703,581.48 plus interest, late charges and other expenses. Along with failing to pay his mortgage, the Yorktown tax reciever’s office says Frehley’s house has racked up almost two years’ worth of unpaid taxes and that a payment has not been received since December 30th, 2011. Frehley reportedly owes $5,131.61 for town and county taxes, plus $13,425.94 for unpaid 2012 county, school and town taxes. Source.
This tells you who made the publishing money and who made the touring money! Gene Simmons is NOT having this problem and seems to care less that his old bandmate is hurting!