u/Dependent-Class6482

I (50F) helped my sister (48f) buy a home in 2020. I didn't co-sign, but I added her to my credit cards to help fix her credit and paid off her collections. We eventually got her credit score from low 500's to over 620 and she bought a house for 160k at 3.5% for 30 years. Literally a dream. With her new decent credit score, she then took out a bunch of dept store cards and credit cards and maxed them out and never paid them back. By 2024 her kids were all grown so I stopped helping her with anything financially. She's been 120 days or more late on her mortgage every single year since 2020. I know because I still have access to a credit app we used when we were repairing her score. So every time she is 120-150 days late, Pennymac lets her refinance for a higher mortgage for a longer term and a higher APR. On her credit report, she now shows a balance of 196k for the home with her mortgage payment being $1790 for 45 years. I'm not exactly sure how much the home is worth, but Zillow says 217k. I'm just wondering how many more times they will let her refinance until they foreclose and I get the call begging me for help. She has herself, her boyfriend, her boyfriends brother, 2 adult sons, and adult daughter living there. They are all just irresponsible with money, and I work 2 jobs. Her credit score is now in the low 400's so if she does get foreclosed on she wouldn't even be able to find a place to rent. I feel bad if this happens. And I've thought of even purchasing her home from her and charging her rent, but I know she will not pay me or will constantly be behind, while I see her and her family on social media out traveling, buying exotic pets, or hosting parties. This seems very predatory of Pennymac to do, it's like they know she will eventually go into foreclosure, and they are trying to suck every penny of interest out of her while giving her the false belief that she can just keep refinancing every year. If you do the math, only $12 goes towards her principal payment every month.