They're rich and famous and in foreclosure
How does a Toni Braxton, Allison Janney or Kiss guitarist Ace Frehley fall behind on house payments?
The same way ordinary people do: They get squeezed by an adjustable-rate mortgage, trapped by a down economy or hung out to dry when prices refuse to rise sufficiently to cover their debt. Here are six celebrities whose fame and fortune couldn't forestall a real-life foreclosure.
The star: Former Kiss guitarist Ace Frehley
The house: A three-bedroom, three-bath home in Westchester, N.Y.
The details: Nicknamed "The Spaceman," Frehley reportedly spaced on making his mortgage payments for two years. He now owes more than $700,000 on his $735,000 crib, as well as $20,000 in property taxes.