Hey guys, thanks for the quick replies!
Bill, I ran outside as soon as you posted. There are no settings on the left screen to recalibrate the GPS.
In my case, its actually pretty bad. Every destination I enter in the GPS is always off by about half a block. Worse, my vacation home is on a u-shaped street. The house is on the right tip of the U, the GPS is showing it on the left tip of U. I thought this was a Navteq problem, but I just went to their website and they are showing it correctly on their map.
MFT is also occasionally does other strange GPS things. For example, on the way to our vacation home we are supposed to make this left turn at an intersection. MFT shows the correct path on the screen, but never tells me to make the turn. I've tested both ways: missing the turn, in which case it tells me to make a U turn. And making the correct turn, in which case it just remains silent.
By the way, the GPS on my 2009 Flex was perfect and always got everything (home, vacation home, the turn, etc.) right. I'm hoping a recalibration of the MFT GPS will fix these issues.