We are a family of 4 members including Father, Mother, Myself and my Wife. Our home is pledged under Home Loan in SBI for a tenure of 30 years. The house is owned by My Father and Mother. We all 4 are co-applicants of the current loan. My wife is working in SBI and they have got Staff benefits for claiming the Home Loan. But since the property is not in her name she is not able to get the Staff benefits. But even the gift deed from relatives is not acceptable for getting the staff benefit. So following are my questions.
#1. Is there anyway to transfer the Property to My wife's while the original documents are under bank?
#2. Is there anyway to get the staff benefit in any other ways?
#3. Can we sale the property to my friend and buy it back in my wifes name? Is there any problem in doing so?