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Yes, there are foreclosures in Wilmington, North Carolina. Foreclosures occur when a homeowner is unable to make mortgage payments and the lender takes possession of the property. Foreclosures can result from a variety of factors, such as job loss, illness, or an adjustable rate mortgage that becomes unaffordable. The number of foreclosures in Wilmington, like in many other cities, has likely been affected by the COVID-19 pandemic and the economic downturn that accompanied it. If you are looking to purchase a foreclosed property in Wilmington, it's a good idea to research the market and understand the process involved in buying a foreclosed home.