Neck of femur fractures most commonly occur in elderly patients due to osteoporosis and are often caused by falls. The Garden classification system is used to categorize neck of femur fractures based on the degree of displacement. Treatment depends on factors like the patient's age, bone quality, and fracture displacement - undisplaced fractures may be treated with internal fixation while displaced fractures in elderly patients are typically treated with hemiarthroplasty or total hip replacement.