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, Alaska Climate & Temperature. 1  Fairbanks, Alaska, Usa is at 64 48'N, 147 52'W, 135 m (444 ft).2  See map. 3  Fairbanks, Alaska has a subarctic climate that has severe winters, no dry season, with cool, short summers and strong seasonality (K ppen-Geiger classification: Dfc). Come autumn/ fall temperatures decrease achieving average highs of 0.3Â°C (32.6Â°F) during the day and lows of -8.8Â°C (16.2Â°F) generally shortly after sunrise. 2  Total annual Precipitation averages 276.1 mm (10.9 inches) which is equivalent to 276.1 Litres/m (6.77 Gallons/ft).