Under what condition may a lender retain the ability to foreclose even after equitable redemption is exercised?

The correct choice relates to situations where mortgage payments continue to be unpaid even after the borrower has exercised their right to redeem the property. Equitable redemption allows a borrower to reclaim their property by paying off the debt before the foreclosure sale occurs. However, if the borrower has redeemed the property but still fails to make their mortgage payments, the lender retains the right to initiate foreclosure proceedings again since the original debt obligation remains unresolved.

This means the borrower's ability to redeem does not absolve them of their responsibilities under the mortgage agreement, particularly the requirement to keep making payments. If they do not fulfill this part of the agreement, the lender is justified in pursuing foreclosure to recover the owed amounts.

In contrast, while bankruptcy, unpaid property taxes, or inconsistent income may complicate a borrower's financial situation, they do not directly provide a lender with the authority to foreclose after equitable redemption has occurred. The primary condition that allows for continued foreclosure rights is the ongoing default in mortgage payments following redemption.