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).
About Fairbanks The Fairbanks area is home to just over 100,000 hearty souls, making this region the second-largest population center in Alaska. The city features a university, an Army base and an Air Force Base and is known for dog mushing, northern lights and its extremes of light, dark, warmth and cold.