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).
As of the 2010 U.S. Census, the population was 12,332. Falls Church is included in the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area. Taking its name from The Falls Church, an 18th-century Anglican parish, Falls Church gained township status within Fairfax County in 1875.In 1948, it was incorporated as the City of Falls Church, an independent city with county-level governance status. It is also referred to as Falls Church City.y 1900, Falls Church was the largest town in Fairfax County, with 1,007 residents. Many of the residents at that time had come from the northern states or elsewhere. A 1904 map of the town shows 125 homes and 38 properties from two to 132 acres (0.53 km 2).