Why would the lender request a price adjustment? If your willing to pay the price and it appraises what difference does it make to the lender.
Most of the answers are in the contract you have with the seller that are best interpreted by your own Realtor and or attorney. Your statements are not clear and leaves many items out that might prevent a forum such as this from providing a quality answer. This is a great group with tremendous knowledge in general, sometimes the questions are so specific that we are limited.
Do you have a Realtor representing your interest?
Legal Fees, do you have an attorney? Attorneys are not that often used in most standard residential real estate in Arizona?
$100,000 is a significant earnest money deposit and may be the reason an attorney is involved as it may be a very large transaction?
Seller lowering list price: I have seen Bank Owned listings in which they had price reduction strategies in place that still occur even when the property is under contract. One property I was involved with had this happen and it was explained to me that the bank process is just so rigid and slow that the price change occurred even thought the property was under contract.
Many of us are willing to help you out if you can provide more clarity.
Your exact answer would depend on many factors. However, you agent and/ or real estate attorney should provide you with the most accurate advice and information. We can assist with general advice, tips, suggestions, options, etc, but without knowing the facts we can't be of much help.
Best of luck!
Ask your agent. Since you're asking the real estate community in a public forum, that leads us all to believe you don't have any confidence in your agent and if that's the case, maybe you should talk to their broker given that no one here has all the relevant facts and even if we did, we're not to comment anyway because you're already being represented (client-agency relationship thing). Good luck!
Unfortunatelly, in this public forum we do not have all of the facts. Your attorney and your Realtor are in the best position to give you advice.
We are not looking at your contract. Assuming this is a short sale? In a short sale the seller sets the price, their bank does not have to accept that price. Has your lender done an appraisal? This may be the reason that they want an adjustment.
Really advise you to talk to your advisors that know the details.
May I wish you the best.
Arizona Homes and Land
And to reiterate, definitely consult with your Buyer's Agent/REALTOR.
All the best!