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).
View Hyder, AK in a larger map. Hyder, population 87, is Alaskaâs easternmost town, a tiny town surrounded by lofty, glacier-covered peaks at the corner of the Alaska Panhandle. The town boomed in the early 20th century when gold and silver were discovered nearby, but is now so small that residents bill it as âAlaskaâs friendliest ghost town.â