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).
The race breakdown of the population in Fairfax varies per year, but currently 1,458 are one race and 97 are two or more races. Of the 1,555 people who live in Fairfax, there are 466 under 20 years old. The sex breakdown of the 20 years old and younger population in Fairfax is 234 male and 232 female.