So I created a new Team Foundation Server project a while back and checked in project source code. Over time, development was engaged without actually having a mapped local version to my project on TFS.
I am now ready to map my local path workspace to TFS source control for the project, when I do that I will be asked to get Latest Version.
Will this overwrite my local files?
I have done this before and I swear it has over written my local files.
Yes it will overwrite your files. If there is a specific reason for keeping the existing files in that directory, create a new workspace and map the project to a different local directory on your local disk.