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).
Average Weather in Fairbanks Alaska, United States. In Fairbanks, the summers are long, comfortable, and mostly cloudy and the winters are long, frigid, snowy, and partly cloudy. Over the course of the year, the temperature typically varies from -13Â°F to 73Â°F and is rarely below -39Â°F or above 83Â°F.