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Milford Home Appraisal Firm Is Target Of Federal Lawsuit

TCF National Bank is suing a Massachusetts firm it hired to appraise nearly 3,000 homes. In a federal lawsuit filed in Minneapolis, TCF alleges Market Intelligence Inc. of Milford, Mass., improperly inflated the value of the residential properties the bank was financing. One of the services Market Intelligence provided was a field assessment, or a drive-by inspection.

WBZ NewsRadio 1030–09/24/2011