a legal or ethics question

[Dan Ross]

I made an offer to Ocwen to buy a piece of property. It was listed at 200,000 when we made the offer of 160,000. The homeowners signed off on the offer and then the offer was sent to Ocwen. Ocwen said they will have an answer in the next week (ya right!).

After the offer was accepted by the homeowners then forwarded to Ocwen, the sellers and their agent decided to drop their listing price. Can they drop the price even though they accepted our offer, pending the banks approval?
Thanks