----

----

**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**FORM        10-Q/A**

| **[X]  QUARTERLY                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE** |
|---------------------------------------------------------------------------------------------|
| **SECURITIES                  EXCHANGE ACT OF 1934**                                        |

**Or**

| **[   ]  TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE** |
|---------------------------------------------------------------------------------------------------------------|
| **SECURITIES                  EXCHANGE ACT OF 1934**                                                          |

*COMMISSION        FILE NUMBER 333-125121*

| **VESTIN                  REALTY MORTGAGE II, INC.**                                     |
|------------------------------------------------------------------------------------------|
| (Exact                  name of registrant as specified in its                  charter) |

| MARYLAND                                         |   | 61-1502451                           |
|--------------------------------------------------|--------|--------------------------------------|
| (State                  or Other Jurisdiction of |   | (I.R.S.                  Employer    |
| Incorporation                  or Organization)  |   | Identification                  No.) |

**8379        WEST SUNSET ROAD, LAS VEGAS, NEVADA 89113**

**  **

| Large                  accelerated filer [   ] | Accelerated                  filer [X] | Non-accelerated                  filer [   ] |
|---------------------------------------------------------------|----------------------------------------|-------------------------------------------------------------|

----

**EXPLANATORY        NOTE**

----

**SIGNATURES**

|   | **Vestin                  Realty Mortgage II, Inc.** |
|--------|------------------------------------------------------|
|   |                                                 |   |
|   | By:                                                  | */s/                  Michael V. Shustek* |
|   |                                                 | Michael                  V. Shustek |
|   |                                                 | President                  and Chief Executive Officer |
|   | Date:                                                | November                  19, 2007 |

| **Signature**                                        |   | **Capacity**                                                        |   | **Date**                           |
|------------------------------------------------------|--------|---------------------------------------------------------------------|--------|------------------------------------|
|                                                 |   |                                                                |   |                               |
| */s/                  Michael V. Shustek*            |   | President                  and Chief Executive Officer and Director |   | November                  19, 2007 |
| Michael                  V. Shustek                  |   | (Principal                  Executive Officer)                      |   |                               |
|                                                 |   |                                                                |   |                               |
| */s/                  Rocio Revollo*                 |   | Chief                  Financial Officer                            |   | November                  19, 2007 |
| Rocio                  Revollo                       |   | (Principal                  Financial and Accounting Officer)       |   |                               |
|                                                 |   |                                                                |   |                               |
| */s/                  John E. Dawson*                |   | Director                                                            |   | November                  19, 2007 |
| John                  E. Dawson                      |   |                                                                |   |                               |
|                                                 |   |                                                                |   |                               |
| */s/                  Robert J. Aalberts*            |   | Director                                                            |   | November                  19, 2007 |
| Robert                  J. Aalberts                  |   |                                                                |   |                               |
|                                                 |   |                                                                |   |                               |
| */s/                  Fredrick J. Zaffarese Leavitt* |   | Director                                                            |   | November                  19, 2007 |
| Fredrick                  J. Zaffarese Leavitt       |   |                                                                |   |                               |
|                                                 |   |                                                                |   |                               |
| */s/                  Roland M. Sansone*             |   | Director                                                            |   | November                  19, 2007 |
| Roland                  M. Sansone                   |   |                                                                |   |                               |