Strategic Default. The decision by a borrower to stop making payments on a loan, even though the borrower is able to continue making payments. Strategic default most often appears in the home or commercial mortgage context when the property owner is underwater (that is, the amount of the mortgage is more than the owner's equity in the home or property).
Fairfax is a town in Osage County, Oklahoma, United States. The population was 1,555 at the 2000 census. Site of the infamous Osage Indian murders. Fairfax is located at 36Â°34â²17â³N 96Â°42â²23â³W / 36.57139Â°N 96.70639Â°W / 36.57139; -96.70639 (36.571386, -96.706259).
Fairfax (/ËfÉr.faeks/ FÃ¦KS-ferr), faks officially The city Of, fairfax is an independent city in The commonwealth Of. Virginia as of, 2014 the population 24,483. 24483 it is the county seat Of Fairfax. countyairfax County's Government Center is west of the City of Fairfax. Fairfax County contains an exclave located in the central area of the City of Fairfax, in which many county facilities (including the courthouse and jail) are located.