
Saratoga Business Journal
By Susan Elise Campbell
Broadway Title Agency has new owners. The company that Stephen Heidorn founded 20 years ago to research property deeds and facilitate unencumbered real estate transactions was sold to equal partners Ralph Scunziano and Douglas Zins in a deal that closed on May 31.
The three are working together closely as they transition vendors, turn over expenses, and complete all housekeeping, Scunziano said.
The new partners are both attorneys. Scunziano said he is a real estate investor and Zins, who has a practice in Watervliet focusing on real estate, has represented him on many transactions. According to Scunziano, Zins knew Heidorn “from the other side of the closing table.”
“Through my conversations with Stephen, I said there was a great opportunity to take over when he retired,” said Zins.
“Coming through the 2022-2023 market boom there is a lot of potential in real estate, although it is a little lax because of higher interest rates,” Zins said.
Interest rates have stayed the same but inventory has been up. The new partners are “hoping interest rates come down a little in the near future,” but as Zins said, “people still need to and want to buy and sell houses or refinance their homes.” That demand fuels the need for title searches.