Dear Mr./Mrs. Parker,
You would have to read the agreement you have with the current property management company very carefully to see if you have any rights to terminate the agreement early with or without penalties. I would also suggest perhaps speaking to a real estate attorney, of which we actually have a real estate attorney who has an office within our office building at RE/MAX Heritage that I could put you in touch with, there are also outside options as well.
We have an in-house property management company who has a very good track record of managing properties and in a lot of cases have them leased out almost as soon as they become available for lease. Also the power of the RE/MAX brand goes a long way in marketing your home whether it is for sale or lease.
Regarding your possible loan modifications, short sale, etc....I am a REO/Foreclosure and Short Sale Expert (SFR), so I am qualified to help you in determining what is the best course of action in your particular case. Time is of the essence in this case and any action is better than no action at all. I highly recommend you take what ever the necessary steps are in order to avoid a foreclosure. It is not going to be easy, but will be worth it in the long run. I wish you nothing but success in your endeavors and if I can be of any service, feel free to contact me.