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 is not organized into counties. It is divided into boroughs and census areas. The largest borough is the North Slope Borough (in northern Alaska and includes the city of Barrow) which covers a total area of about 88,000 square miles and sports a total population of about 7,500.either of these are the most populous areas, however. The City/Borough of Anchorage has about 260,000 people. The Fairbanks/North Star Borough has about 83,000. The Mat-Su Borough (which includes the cities of Palmer and Wasilla) has about 59,000.