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).
10, 957 Johnston County is a county located in the U.S. state of Oklahoma. As of the 2010 census, the population was  10,957. Its county seat is Tishomingo. It was established at statehood on November 16, 1907 and named for Douglas H. Johnston, a governor of the Chickasaw Nation.