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).
Since 1949, Fairbanks's average winter temperature has risen by 6.9 Â°F (3.8 Â°C), average spring temperature by 3.9 Â°F (2.2 Â°C), and its average summer temperature by 2.3 Â°F (1.3 Â°C). During the same period, however, the average autumn temperature has only risen by 0.1 Â°F (0.056 Â°C).he Metropolitan Statistical Area encompasses all of the Fairbanks North Star Borough and is the northernmost Metropolitan Statistical Area in the United States, located less than 120 miles (190 km) south of the Arctic Circle.