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**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.) |

**6149      SOUTH RAINBOW BOULVARD, LAS VEGAS, NEVADA 89118**

**  **

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

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**EXPLANATORY      NOTE**

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**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                   |   |                                                              |   |                             |