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).
0.1. The highest average temperature in Fairbanks is July at 67 degrees. The coldest average temperature in Fairbanks is January at -11.5 degrees. The most monthly precipitation in Fairbanks occurs in July with 1.9 inches. The Fairbanks weather information is based on the average of the previous 3-7 years of data.