You may not take a deduction, but you can add the fees to your cost basis in determining your gain or loss when the property is sold.
Since it was going to be your home, some experts will say you can not deduct a capital loss. I'm of the opinion that since it was never actually your home, you may treat it as investment property and deduct the loss. Capital losses are deducted against capital gains. Only $3000 of excess capital loss may be deducted against other income, the rest is carried forward to future years.
