UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
 _______________________________
 
 FORM
10 – QSB/A
 Amendment
No. 3
 _______________________________
 
 [mark
one]
 
 x
              QUARTERLY
      REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
      1934
  For
      the quarterly period ended: March 31,
2007
  o
              TRANSITION
      REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
      1934
  For
      the transition period from ______________ to
  ______________
  Commission
File Number 000-52936
 st
 (Exact
name of registrant as specified in its charter)
 
 Nevada
              APPLIED
      FOR(State
      or other jurisdiction of
                incorporation
      or organization)
              (IRS
      Employer
                Identification
      Number)
 
 
 15612 – 37A Avenue, Surrey,
BC CANADA V3S 0H7
 (Address of principal
executive offices including zip code)
 
 (604)
541-4173
 (Registrant’s telephone number,
including area code)
 
 CSC
Services of Nevada, Inc., 502 E. John Street, Carson City, NV 89706
 (Name
and address of agent for service)
 
 (775)
882-3072
 (Telephone
Number, including area code, of agent for service)
 
 with a
copy to:
 Luis
Carrillo, Esq.
 SteadyLaw
Group, LLP
 501 W.
Broadway, Suite 800
 San
Diego, CA 92101
 Telephone
(619) 399-3090
 Telecopier
(619) 330-1888
 
 1
 Check
whether the issuer (1) filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. Yes o  No x
  Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act). Yes x  No o
  Number of
shares outstanding of the issuer’s common stock as of the latest practicable
date: 5,100,000 shares of common stock, $.001 par value per share, as of
August 29, 2007.
  Transitional
Small Business Disclosure Format (check one): Yes oNo x
 
  EXPLANATORY
NOTE
  This
Amendment is being filed to amend our status to a shell company as defined in
Rule 12b-2 of the Exchange Act.  No other information in the filing
has changed.
 
 PART II
 
 
 Item
6.   Exhibits
  EXHIBIT
      NUMBER
              DESCRIPTION
              LOCATION31.1
              Rule
      13a-14(a)/15d-14(a) Certification (CEO)
              Filed
      herewith31.2
              Rule
      13a-14(a)/15d-14(a) Certification (CFO)
              Filed
      herewith32.1
              Section
      1350 Certification (CEO)
              Filed
      herewith32.2
              Section
      1350 Certification (CFO)
              Filed
      herewith
 
 
 2
 SIGNATURES
  Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
  1st
      HOME BUY & SELL LTD.By:
      /s/ DANIEL L. BAXTERDaniel
      L. Baxter, President, Chief Executive Officer &
    DirectorApril 8,
      2008By:
      /s/ SAMUEL J. ALDERSONSamuel
      E. Alderson, Chief Financial Officer & DirectorApril 8,
      2008
 
 3