I have resolute to make my first investment purchase in 2014.

Attorneys work for fees or on contingency, but for a dispute of this size is going to charge you for every call or letter he produces.We need more information on the circumstances, but depending on where the broker and the property were located will dictate the route you should take.I have written over and over, both here on BP and on my blog about checking out the reputation of the hard money person you are considering working with.

I'm not sure about finding deals in NYC, I feel like that could be a tough market to start out in... but I'll never dismiss an idea or market without first doing my research. (2014 resolution is to minimize the assumptions!)

Plus that will give you witnesses to the payments that can't be disputed by him forgetting that you paid him.

I focus my practice on business litigation, evictions (commercial/residential) as well as partnership disputes, construction/home improvement litigation and real estate transactions.

Once up and running things have been generally smooth with one small dollar dispute on repairs.

One of my new year's resolutions is to try harder to understand that there will be investors (young, old, new, seasoned and all in between) that will do bad things, they will do bad things for a dime or perhaps for no reason at all really.I'm also trying much harder not to use a hammer to swat flies when a bit of fly paper will do.For those who insist on creating notes at 1% or zero interest, just understand that if you don't disclose to some unknowing seller that they will get tagged with imputed tax rates forced upon their note then you just created a potential liability for yourself.If you have a mortgage broker who may be a party to your note, they may provide or write the note, I've written hundreds of them as a broker/servicer.

I will select the note, the IRA acquires it and I manage various vendors towards a final resolution where the IRA either sells the now re-performing note or the property upon foreclosure.

I've been a long time lurker and my new year's resolution was to start posting on BP and actively participating in the discussion.By way of an introduction, while new here on BP I've been an investor since 2009, and since then I've had the change my real estate strategies three times including: short sale buy/sell to short sale rehab to buying directly from sellers and rehabbing and finally wholesaling from sellers.

The law usually requires rents due under such conditions to be dposited with the court or "escrowed" till the court can hear the dispute/fashion a remedy.