"Many foreclosed homes are neglected or abandoned, as legal proceedings or other factors delay their resale. Deteriorating or vacant properties can, in turn, directly affect the quality of life in a neighborhood, for example, by leading to increases in vandalism or crime."
Ben Bernanke is an American economist who served as chair of the U.S. Federal Reserve from 2006 to 2014. He played a central role in monetary policy during the global financial crisis and later received the Nobel Memorial Prize in Economic Sciences.