WCI Reports OK of Relief Package

WCI Communities Inc., a luxury homebuilder and real estate services company based in Bonita Springs, Fla., has reported the approval of a package of relief designed to ensure the continued operation of its business. WCI said the approval by the U.S. Bankruptcy Court in Wilmington, Del., assures current and prospective homebuyers that WCI's Chapter 11 filing will not affect their rights or "create any unexpected risks." The company said the court action, among other things, authorizes WCI to deliver clear title to homes and tower residences at closing; directs closing agents and title companies to make all required closing payments; and authorizes the issuance of required title insurance policies. WCI can be found on the Web at http://www.wcicommunities.com.