BREAKING DOWN 'Strategic Default'. Strategic defaults are often employed by borrowers when the value of their property has dropped substantially within a fairly short time. If the value of the property dips below the mortgage balance then a strategic default provides a way to minimize the property owner's loss.
Fairbanks is the largest city in the Interior region of Alaska. Estimates put the population of the city proper at 32,324, and the population of the Fairbanks North Star Borough at 100,807, making it the second most populous metro area in Alaska (after Anchorage).
Fairbanks is commonly known as America's coldest city. Average winter low temperatures range from â15 to â25 Â°F (â26 to â32 Â°C), but extremes can range from â60 to â75 Â°F (â51 to â59 Â°C). In summer, temperatures typically range between 70 and 50 Â°F (21 and 10 Â°C).