Ex-KISS Guitarist Is On The Brink Of Losing His Upstate New York Home
Right on the heels of the Lohan family’s brush with foreclosure, a former KISS rocker is the latest celebrity in mortgage trouble.
Ace Frehley (nee Paul), who played guitar for KISS in the 80s and late 90s, is on the hook for $735,000 worth of missed mortgage payments on his Yorktown, N.Y. home, the The Journal News reports.
The news surfaced after his bank, U.S. Bank National Association, filed a foreclosure claim on feb. 15.
And the mortgage issue is just the beginning.
Frehley has neglected nearly two years’ worth of unpaid property taxes, according to the Journal News. That includes 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.”
If Frehley can’t come up with the cash, chances are the bank (or the county) will wind up selling the home at auction. And from what little information we have on his case, we’re willing to bet that’s exactly what Frehley wants.
Frehley reportedly stopped paying on the home two years ago, just a few years after he took over the title on the 3-acre, 2,441 sq. ft. pad back in 2006. Many underwater homeowners –– those who owe more on their homes than they are actually worth –– choose to cut their losses, stop making mortgage payments and simply wait for their mortgage lender to foreclose.
In the meantime, they can start putting their resources into a smaller home or apartment they can afford.
The foreclosure process can take anywhere from under a year to more than two years to complete, so it makes sense we’re only hearing of Frehley’s foreclosure notice now.
http://finance.yahoo.com/news/ex-kiss-gu…40621.html
2013-02-24 12:36:07
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,794,046 |
| Stories: | 8,451,266 |
Whistler Blowers, Insiders
