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).
For other uses, see Tulsa (disambiguation). Tulsa /ËtÊlsÉ/ is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. As of July 2015, the population was 403,505, an increase of 11,599 over that reported in the 2010 Census. It is the principal municipality of the Tulsa Metropolitan Area, a region with 981,005 residents in the MSA and 1,151,172 in the CSA.