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).
Alaska Facts. Capital City: Juneau (pop. 32,164) (2011) Alaska Population: 731,449 (2012) (47th) Alaska Population: (per square mile) U.S. State Populations: (all states) Currency: U.S. Dollar (conversion rates) all u.s. currency (banknotes) Alaska Quarter: The fourth commemorative quarter coin released in 2008 honors Alaska, and is the 49th coin in the United States Mint's 50 State QuartersÂ® Program. Alaska was admitted into the Union on January 3, 1959, becoming our Nation's 49th State.