Legal Question in Real Estate Law in Indiana

buying a home (short sale)

Recently my husband and I put an offer on a home. Listing price; 112k, our offer 95k was accepted by home owner. Realtor representing seller contacted out of state bank holding mortgage, after a number of weeks and the realtor speaking with 2 dif. bank representatives, there was a verbal concurrence/agreement to the offer of 95k. Our earnest money of 500 dollars was cashed and title work was completed. We were asked to set up an inspection of the home. This whole process took us 45 days from the day we put the offer in. The day before the inspection, my husband received a call from our realtor and she said the bank now rejected our offer stating that the bank employees who had agreed to the 95k had no authorization to do so this banker went even further and said she would not accept less than what was owed (148k) *reminder the listing price was 112k. Our loan had been approved (letter sent to the realtors and bank holding the mortgage)and we had taken the down payment out of our 401k. Our paper trail consists of verbal documentations of conversations over the phone plus the necessary paper we had to sign. Do we have any legal recourse...we just want the house on the agreed to price. Thank you

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