Which of the following actions must be taken by the borrower to reclaim the property through equitable redemption?

To reclaim the property through equitable redemption, the borrower must make payment of the overdue amount plus interest. Equitable redemption is a legal principle that allows a borrower to recover their property after defaulting on their mortgage, typically by paying off the overdue sum. This amount generally includes not just the principal that is past due, but also any accrued interest and possibly other costs involved, such as fees or penalties.

The key aspect of equitable redemption is that it emphasizes the borrower's right to rectify the default before the property is formally sold at foreclosure. Making this payment reinstates the mortgage agreement and effectively stops the foreclosure process, allowing the borrower to regain full control of the property.

Other options such as obtaining a settlement agreement, submitting a formal request to the court, or filing a motion to halt foreclosure proceedings do not necessarily provide the borrower with a guaranteed path to reclaim the property. They may involve different legal processes but do not directly address the fundamental requirement of settling the overdue amounts owed to the lender. Therefore, making full payment of the overdue amount plus interest is the essential action for reclaiming the property through equitable redemption.