----

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

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

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

| MARYLAND                                         |   | 20-4028839                           |
|--------------------------------------------------|--------|--------------------------------------|
| (State                  or Other Jurisdiction of |   | (I.R.S.                  Employer    |
| Incorporation                  or Organization)  |   | Identification                  No.) |

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

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31.1
31.2

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|   | Vestin                  Realty Mortgage I, Inc. |
|--------|-------------------------------------------------|
|   |                                            |   |
|   | By:                                             | /s/                  Michael V. Shustek |
|   |                                            | Michael                  V. Shustek |
|   |                                            | President                  and Chief Executive Officer |
|   | Date:                                           | January                  11, 2008 |

| Signature                                                           |   | Capacity                                                            |   | Date                              |
|---------------------------------------------------------------------|--------|---------------------------------------------------------------------|--------|-----------------------------------|
|                                                                |   |                                                                |   |                              |
| /s/                  Michael V. Shustek                             |   | President                  and Chief Executive Officer and Director |   | January                  11, 2008 |
| Michael                  V. Shustek                                 |   | (Principal                  Executive Officer)                      |   |                              |
|                                                                |   |                                                                |   |                              |
| /s/                  Rocio Revollo                                  |   | Chief                  Financial Officer                            |   | January                  11, 2008 |
| Rocio                  Revollo                                      |   | (Principal                  Financial and Accounting Officer)       |   |                              |
|                                                                |   |                                                                |   |                              |
| /s/                  John E. Dawson                                 |   | Director                                                            |   | January                  11, 2008 |
| John                  E. Dawson                                     |   |                                                                |   |                              |
|                                                                |   |                                                                |   |                              |
| /s/                  Robert J. Aalberts                             |   | Director                                                            |   | January                  11, 2008 |
| Robert                  J. Aalberts                                 |   |                                                                |   |                              |
|                                                                |   |                                                                |   |                              |
| /s/                  Fredrick J. Zaffarese                  Leavitt |   | Director                                                            |   | January                  11, 2008 |
| Fredrick                  J. Zaffarese                  Leavitt     |   |                                                                |   |                              |
|                                                                |   |                                                                |   |                              |
| /s/                  Roland M. Sansone                              |   | Director                                                            |   | January                  11, 2008 |
| Roland                  M. Sansone                                  |   |                                                                |   |                              |