You will sleep well st night knowing you are playing by the rules and being the bigger person.

A good bonus would be if they are one of the banks with a reasonable portfolio of distressed debt they are offloading.

Don't play stupid Dean

I also don’t understand how it comes into play when closing on a property.

I feel bad that people are going to lose their shirts, houses, life savings and retirement accounts because of these moves, but they're taking uncalculated risks that have worse odds than playing roulette.

Bonus with the walls being down to the studs with the plaster removal is that we can add in extra power outlets and in more convenient locations.The delay is mostly my fault...

Looks like nothing comes into play until next year but the articles I've read are not clear on when the new rules will be implemented. 

@Dmitriy FomichenkoWhere does UBIT come into play? 

The good news is that I have a small pile of cash that I'd like to put into play.  

I assume you had a financing contingency and if that is still in play simply cancel your contract under the financing contingency.