First, you can sue him for any damage caused to your credit report in his failure to keep up the payments as part of his agreement to hold you harmless for this loan.
Second, you need to return to court and not just seek to hold him in contempt for not paying the equity money, but seek an order of garnishment against him to have the money garnished from his wages or to seize bank accounts or property or place a lien on the house to obtain your money.
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Edited by PaulMJD on 11/1/2009 at 5:07 PM EST