NovaTerra Realty

Buy Foreclosure Properties



Nova Terra Real Estate

NovaTerra revolutionizes real estate for savvy buyers, specializing in distressed properties like bank-owned homes and government foreclosures. We meticulously curate opportunities, prioritizing profitability and clean titles, thanks to cooperation of our expert team of real estate brokers with foreclosure attorneys. Whether it’s a single-family home, our platform offers the most current and diverse listings to meet your preferences.

Our Service Offering

Comprehensive Turnkey
Real Estate Brokerage Solutions

Initial Phase

We have a team of experienced analysts who have access to proprietary systems that help identify target properties where a foreclosure has commenced, and properties are scheduled for foreclosure auction

Legal Analysis

NovaTerra has engaged RKF Law Offices, LLC, a commercial real estate law firm to assist with title review and guidance on foreclosure and auction processes

Pre-Auction Preparations

Clients are required to deposit a predetermined sum into an escrow account, ensuring readiness for upcoming auctions


NovaTerra represents the client at the auction, adhering to the clients'maximum bid limit

Post-Auction Formalities

Upon successfully bidding at a real estate foreclosure, and after court confirmation of sale, Nova Terra will assist with obtaining the final deed from the auction

Sale Activities and Final Transaction

Once the deed has been confirmed, Nova Terra will assist the client with the sale of the property to a third-party purchaser


Auction sales

No listing found.

Our Team

experience matters

Olga Obolonskaya
IL Real Estate Managing Broker and Owner NovaTerra Realty
Olga Obolonskaya
IL Real Estate Managing Broker and Owner NovaTerra Realty

Olga's Real Estate journey began 22 years ago, where she joined her family's Real Estate and Development Company. With a strong familial connection to the industry, Olga's expertise spans across international markets, enabling her to effectively understand her clients' needs, navigate the market, negotiate deals, and successfully close transactions. Throughout her career, Olga has learned the value of listening to her clients, embodying the belief that "We have two ears and one mouth, so we should listen more than we say." This philosophy has driven her mission to thoroughly comprehend her clients' goals.


happy new home owners

Olga sold my house as 'pre-market' before my listing hit the general MLS market. She saved me thousands of dollars as she produced a buyer herself and I didn't have to pay full commissions to both agents. Olga knows her business both the residential and commercial real estate and is great to work with!
by Arkady L
b. Olga is a detail-oriented professional who knows how effectively organize, publicize, and put on events involving marketing and social networking. I was very impressed with her abilities. She is skillful but also very personable.
by Alex Michalakos
Owner, Law Office
In my time that I worked with Olga, I found her to be hardworking, professional, and dedicated to achieving set goals. I know that with her work ethic and desire to always do better then her best, Olga will be a tremendous success regardless of where she goes in her career.
by Andrew Krain
DevOps | AWS | Terraform

NovaTerra Realty

Buy Foreclosure Properties

63 Michigan Ct, Vernon Hills, IL, 60061

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