UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

[X]   Quarterly Report Under Section 13 or 15(d) of the Securities Exchange Act
      of 1934 For the quarterly period ended November 30, 2006

[_]   Transition Report Under Section 13 or 15(d) of the Securities Exchange
      Act; For the transition period from _________ to __________

Commission File Number #000-1024048

                                 HOMELIFE, INC.

        (Exact name of small business issuer as specified in its charter)

                    Nevada                                 33-0680443
         ------------------------------                 ---------------
        (State or other jurisdiction of                (I.R.S. Employer
         incorporation or organization)               Identification No.)

             1503 South Coast Drive, Suite 204, Costa Mesa, CA 92626
        ----------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)

               Registrant's telephone number, including area code:
                                 (714) 241-3030


      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 X No

      Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).

                                    Yes   No X


      The issuer had 12,371,886 common shares outstanding as of November 30,
2006

Transitional Small Business Disclosure Format (check one):

                                    Yes   No X

<PAGE>

                                 HOMELIFE, INC.

                                      INDEX
                                                                        PAGE NO.
                                                                        -------

PART I - FINANCIAL INFORMATION                                              1.

Item 1. Financial Statements                                                1.

         Consolidated Balance Sheet at November 30, 2006 (Unaudited)        1.

         Consolidated Statements of Operations for the three months ended   3.
                  November 30, 2006 and 2005 (Unaudited)

         Consolidated Statements of Operations for the six months ended     4.
                  November 30, 2006 and 2005 (Unaudited)

         Consolidated Statements of Cash Flows for the six months ended     5.
                  November 30, 2006 and 2005 (Unaudited)

         Notes to Consolidated Financial Statements                         6.

Item 2. Management's Discussion and Analysis of Financial
           Condition and Results of Operation.                              7.

Item 3. Controls and Procedures.                                           10.

PART II - OTHER INFORMATION                                                10.

Item 1. Legal Proceedings.                                                 10.

Item 2. Changes in Securities and Use of Proceeds.                         10.

Item 3. Defaults Upon Senior Securities.                                   10.

Item 4. Submission of Matters to a Vote of Security Holders.               11.

Item 5. Other Information.                                                 11.

Item 6. Exhibits and Reports on Form 8-K.                                  11.
         (a) Exhibits
         (b) Reports on Form 8-K

Signatures.                                                                12.

<PAGE>

PART I - FINANCIAL INFORMATION

HOMELIFE, INC.
Consolidated Balance Sheet
At November 30, 2006
(unaudited)


ASSETS
         Current Assets
         Cash                                                 $  58,086
         Marketable securities, at fair value                       900
         Accounts receivable, net                                21,867
         Prepaid expenses and deposits                           30,646
                                                        ---------------
         Total Current Assets                                   111,499

         Property and Equipment, net                                143

         Other Assets
         Goodwill                                               225,943

         Other Intangible Assets, net                            17,059
                                                        ---------------


         Total Assets                                          $354,644
                                                        ===============

                                       1
<PAGE>

HOMELIFE, INC.
Consolidated Balance Sheet (Continued)
At November 30, 2006
 (unaudited)


LIABILITIES AND STOCKHOLDERS' DEFICIT
         Current Liabilities

         Bank indebtedness                                      $94,091
         Accounts payable                                       188,946
         Reserve for warranty                                    41,025
         Deferred revenue                                        34,587
                                                        ---------------
         Total Current Liabilities                              358,649

         Other Liabilities

         Due to Stockholder                                     213,615
                                                        ---------------

         Total Liabilities                                      572,264

         Minority Interest                                       20,843

         Stockholders' Deficit

         Capital Stock                                        1,037,372

         Additional Paid in Capital                           3,731,741

         Accumulated Other Comprehensive Loss                    (1,747)

         Accumulated Deficit                                 (5,005,829)
                                                        ---------------

         Total Stockholders' Deficit                           (238,463)
                                                        ---------------

         Total Liabilities and Stockholders' Deficit           $354,644
                                                        ===============

                                       2
<PAGE>

HOMELIFE, INC.
Consolidated Statements of Operations
Three months ended November 30, 2006 and 2005
(unaudited)
                                                   2006                2005
                                               ------------        ------------
         REVENUE

Royalty and franchise fees                     $     84,946        $     94,650
Warranty fees                                        19,784              32,781
Brokerage Income                                         --              18,551
Other income                                          5,466               3,330
                                               ------------        ------------

Total Revenue                                       110,196             149,312

DIRECT COSTS                                         11,399              33,946
                                               ------------        ------------

GROSS PROFIT                                         98,797             115,366
                                               ------------        ------------

EXPENSES

Salaries and fringe benefits                         49,255              52,346
General and administrative                           74,258              64,008
Occupancy                                            13,326              11,625
Financial                                             5,730               3,483
Depreciation                                             --              15,000
Amortization                                         12,963              12,963
                                               ------------        ------------

Total Expenses                                      155,532             159,425
                                               ------------        ------------


 NET LOSS                                           (56,735)            (44,059)


BASIC AND FULLY DILUTED LOSS PER COMMON SHARE  $      (0.00)       $      (0.00)
                                               ============        ============

WEIGHTED-AVERAGE NUMBER OF COMMON SHARES         12,371,886          12,371,886
                                               ============        ============

                                       3
<PAGE>

HOMELIFE, INC.
Consolidated Statements of Operations
Six months ended November 30, 2006 and 2005
(unaudited)
                                                   2006                2005
                                               ------------        ------------
         REVENUE

Royalty and franchise fees                     $    176,531        $    244,952
Warranty fees                                        42,850              63,252
Brokerage Income                                         --              37,551
Other income                                          8,735              15,109
                                               ------------        ------------

Total Revenue                                       228,116             360,864

DIRECT COSTS                                         20,554              97,535
                                               ------------        ------------

GROSS PROFIT                                        207,562             263,329
                                               ------------        ------------

EXPENSES

Salaries and fringe benefits                         92,121             114,741
General and administrative                          129,949             156,830
Occupancy                                            25,570              23,091
Financial                                            10,918               7,794
Depreciation                                          1,865              30,000
Amortization                                         25,925              25,926
                                               ------------        ------------

Total Expenses                                      286,348             358,382
                                               ------------        ------------


 NET LOSS                                           (78,786)            (95,053)


BASIC AND FULLY DILUTED LOSS PER COMMON SHARE  $      (0.01)       $      (0.01)
                                               ============        ============

WEIGHTED-AVERAGE NUMBER OF COMMON SHARES         12,371,886          12,371,886
                                               ============        ============

                                       4
<PAGE>

HOMELIFE, INC.
Consolidated Statements of Cash Flows
Six months ended November 30, 2006 and 2005
 (unaudited)

                                                         2006        2005
                                                       --------    --------

         CASH FLOWS FROM OPERATING ACTIVITIES
         Net loss                                      $(78,786)   $(95,053)
         Adjustments to reconcile net loss
          to net cash from operating activities
         Depreciation                                     1,865      30,000
         Amortization                                    25,926      25,926
         Changes in assets and liabilities
         Accounts receivable                            (11,831)     12,360
         Prepaid expenses and deposits                      501        (251)
         Accounts payable                                23,056      23,293
         Reserve for warranty                            (5,928)         --
         Deferred revenue                                (5,693)         --
                                                       --------    --------
         Net Cash Flows from Operating Activities       (50,890)     (3,725)
                                                       --------    --------

         CASH FLOWS FROM INVESTING ACTIVITIES                --          --
                                                       --------    --------

         CASH FLOWS FROM FINANCING ACTIVITIES
         Advances from lines of credit, net              18,700       2,545
         Due to stockholder                              42,906      14,973
         Repayments on note payable                      (6,006)     (2,150)
                                                       --------    --------
         Net Cash Flows from Financing Activities        55,600      15,368


         NET CHANGE IN CASH                               4,710      11,643
         Cash, beginning of period                       53,376      75,360
                                                       --------    --------

         CASH, END OF PERIOD                           $ 58,086    $ 87,003
                                                       ========    ========

SUPPLEMENTAL DISCLOSURE OF CASH
             FLOW INFORMATION
              Interest paid                            $  2,803    $  2,495
                                                       ========    ========

              Income taxes paid                        $     --    $     --
                                                       ========    ========

                                       5
<PAGE>

                                 HOMELIFE, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


Note 1.           MANAGEMENT'S PLAN AND FUTURE OPERATIONS

            At November 30, 2006,  adverse  principal  conditions and events are
            prevalent that require  necessary action by management to enable the
            Company  to return to  profitability  and to reverse  these  adverse
            conditions and events. These conditions and events include recurring
            operating  losses,  working  capital  deficiencies,  and adverse key
            financial  ratios.  Management's  plans to  mitigate  these  adverse
            conditions and events include:

            -     attempting to raise additional funding through private and
                  public offering,
            -     investigating and pursuing potential mergers/acquisitions,
            -     the core business of franchising nationwide
            -     making efforts to reduce unnecessary operating expenses on a
                  monthly basis

            The accompanying  consolidated  financial  statements do not include
            any adjustments to the recoverability and classification of recorded
            asset  amounts  and  classification  of  liabilities  that  might be
            necessary  in the event that the  Company is unable to continue as a
            going concern.

Note 2.   BASIS OF CONSOLIDATED FINANCIAL STATEMENTS PRESENTATION

            The condensed  consolidated  financial statements of HomeLife,  Inc.
            and Subsidiaries (the "Company")  included herein have been prepared
            by the Company, without audit, pursuant to the rules and regulations
            of the  Securities  and Exchange  Commission  (the  "SEC").  Certain
            information   and   footnote   disclosures   normally   included  in
            consolidated  financial  statements  prepared  in  conjunction  with
            generally  accepted  accounting  principles  have been  condensed or
            omitted pursuant to such rules and regulations, although the Company
            believes that the  disclosures  are adequate to make the information
            presented not  misleading.  These condensed  consolidated  financial
            statements  should be read in  conjunction  with the annual  audited
            consolidated  financial statements and the notes thereto included in
            the  Company's  Form 10-KSB Annual  Report,  and other reports filed
            with the SEC.

            The accompanying unaudited interim consolidated financial statements
            reflect all adjustments of a normal and recurring  nature which are,
            in the  opinion  of  management,  necessary  to  present  fairly the
            financial  position,  results  of  operations  and cash flows of the
            Company for the interim periods presented. The results of operations
            for these periods are not  necessarily  comparable to, or indicative
            of,  results of any other  interim  period of or for the fiscal year
            taken as a whole. Certain financial information that is not required
            for interim financial reporting purposes has been omitted.

            Reclassifications

            Certain amounts in the prior year consolidated  financial statements
            have  been   reclassified   to  conform   with  the   current   year
            presentation.  The reclassifications  made to the prior year have no
            impact on the net  income  (loss),  or overall  presentation  of the
            consolidated financial statements.

                                       6
<PAGE>

Note 3.    LETTER OF INTENT

            On September 11, 2006 the Company entered into an Agreement and Plan
            of  Merger  with MIT  Holding,  Inc.  This  agreement  provides  the
            following:  (1) tax  free  reorganization  with  MIT  Holding,  Inc.
            whereby MIT becomes the wholly owned  subsidiary  of  HomeLife;  (2)
            $250,000  payment to the  Company to pay  present  liabilities;  (3)
            Andrew  Cimerman will retain  240,000  shares of the Company  common
            stock after a 4.2 to 1 reverse stock split; Mr. Cimerman will retire
            a  certain  amount of  shares  since he will own more  than  240,000
            shares after the 4.2 to 1 reverse stock split and the assets will be
            spun off to him in consideration for retirement of such shares.  The
            transaction  had a closing date of September 29, 2006,  with a final
            closing date of October 31, 2006. Closing was suppose to occur after
            MIT's required  financial  statements were completed and the Company
            had undertaken a fairness  opinion for the spin off of the assets to
            Mr. Cimerman.

            On November 29, 2006,  Homelife  filed in Federal  Court against MIT
            Holding,  Inc.  for breach of contract  and is seeking $2 Million in
            damages.

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations

Overview

      The Company has experienced  growth primarily  through its acquisitions of
and combinations with various other companies.  This includes the acquisition in
August 1996 of the Keim Group of Companies and MaxAmerica Home Warranty  Company
(Michigan)  adding  60  real  estate  offices  and a home  warranty  company  in
Michigan.  In 1997,  the Company  purchased  certain assets of S & S Acquisition
Corp.  providing  the Company with Red Carpet Real Estate  Services and National
Real Estate Services adding 58 real estate offices.  The acquisition of the real
estate computer  technology of House by Mouse and Virtual Assistant provided the
Company with the ability to enhance its Internet  communication  services to its
franchises.  In July  1997,  the  Company  acquired  the  licensing  agreements,
trademarks and franchise  offices of Network Real Estate,  Inc. This acquisition
provided the Company with an  additional 12 offices in Northern  California  and
access to the "high-end" luxury division of "International Estates". In February
1998, the Company acquired  Builders Realty  (Calgary) Ltd.  providing access to
the  Alberta,  Canada  market in both  retail real  estate and  mortgage  loans.
Certain assets of Builders  Realty  (Calgary) were sold during fiscal year 2002.
On September 15, 1998, the Company purchased the stock of the investment banking
firm of Aspen, Benson and May, LLC for common stock.

      From time to time, the Company has entered into  strategic  alliances with
various companies in order to explore the  cross-marketing  of their services to
customers of the Company or its franchises.  To date, these strategic  alliances
have not included any funding agreements or other liabilities on the part of the
Company.

      The  following  is  management's  discussion  and  analysis of  HomeLife's
financial condition and results of operations. Detailed information is contained
in the financial  statements included with this document.  This section contains
forward-looking  statements  that  involve  risks  and  uncertainties,  such  as
statements of the Company's plans, objectives,  expectations and intentions. The
cautionary  statements made in this document should be read as being  applicable
to all related forward-looking statements wherever they appear in this document.

                                       7
<PAGE>

Three Months Ended  November 30, 2006  (unaudited)  compared to the Three Months
Ended November 30, 2005 (unaudited).

      Revenues.  The Company  generated  gross sales of $110,196 for the quarter
ended  November  30, 2006  compared  to gross sales of $149,312  for the quarter
ended November 30, 2005. Revenue by business segment is shown below:

                            November 30, 2006     November 30, 2005
                            Amount       %        Amount       %
                           --------   --------   --------   --------
Royalty & franchise fees   $ 84,946         77   $ 94,650         64
Home warranty sales          19,784         18     32,781         22
Brokerage income                 --         --     18,551         12
Other                         5,466          5      3,330          2
                           --------   --------   --------   --------
TOTAL                      $110,196        100   $149,312        100
                           ========   ========   ========   ========

Royalty  fees &  franchise  fees were lower in the  current  quarter  due to the
overall slow down in the real estate market.  Fewer offices and fewer sales have
led to the  decline.  Home  warranty  fees  were  lower in the  current  quarter
compared  to the  prior  year due to fewer  contracts  written  and a lower  per
contract average than in the prior year. This has also been a result of the slow
down in the real estate market. There was no brokerage income during the current
quarter of the fiscal year.

      Direct  Costs.  Direct costs on total  revenue in the current  quarter are
lower than the second quarter last year due to no brokerage income and therefore
no brokerage commissions.  Additionally,  warranty claims for the second quarter
were lower than the same quarter last year.

      Salaries and fringe benefits.  Salaries and fringe benefits decreased from
$52,346 for the three  months  ended  November 30, 2005 to $49,255 for the three
months ended  November 30, 2006.  This decrease is a result of one less employee
in Michigan  and a lower  salary for a  California  employee  during the current
year.

      General and administrative. General and administrative costs are higher in
the  current  fiscal  quarter  compared  to prior year due to more  marketing  &
promotion, printing and office expense.

      Occupancy.  Occupancy costs are slightly higher in the current quarter due
to the escalation clause in the office lease.

      Financial.  Financial costs were higher for the quarter ended November 30,
2006 due to the accrued interest on the higher average outstanding amount due to
shareholder.

      Depreciation.  Depreciation  of fixed  assets was lower during the quarter
ended  November 30, 2006 as many assets became fully  depreciated in the current
fiscal year.

      Amortization. Amortization of intangibles was comparable for both periods.


Six Months Ended November 30, 2006 (unaudited)  compared to the Six Months Ended
November 30, 2005 (unaudited).

                                       8
<PAGE>


      Revenues.  For the first half of the  current  fiscal  year,  the  Company
generated  gross sales of  $228,116  compared to $360,864 in the prior year same
period. Revenue by business segment is shown below:

                            November 30, 2006     November 30, 2005
                            Amount       %        Amount       %
                           --------   --------   --------   --------
Royalty & franchise fees   $176,531         77   $244,952         68
Home warranty sales          42,850         19     63,252         18
Brokerage income                 --         --     37,551         10
Other                         8,735          4     15,109          4
                           --------   --------   --------   --------
TOTAL                      $228,116        100   $360,864        100
                           ========   ========   ========   ========

Royalty  fees &  franchise  fees were  lower in the  current  period  due to the
overall slow down in the real estate market,  especially in home resales.  Fewer
offices and fewer sales have led to the decline. The slow down in the market has
also affected the home warranty  sales.  Warranty fees were lower in the current
half of year  compared  to the prior year due to fewer  contracts  written and a
lower per contract average than in the prior year. There was no brokerage income
thus far during the current fiscal year.

      Direct  Costs.  Direct  costs on total  revenue in the current  period are
lower than the first half of last year due to no brokerage  income and therefore
no brokerage commissions.  Additionally, warranty claims for the first half were
lower than the same period last year.

      Salaries and fringe benefits.  Salaries and fringe benefits decreased from
$114,741  for the six months  ended  November  30,  2005 to $92,121  for the six
months ended  November 30, 2006.  This decrease is a result of one less employee
in Michigan  and a lower  salary for a  California  employee  during the current
year.

      General and administrative.  General and administrative costs are lower in
the  current  fiscal  period  compared  to prior  year due to less  marketing  &
promotion, professional fees and office expense.

      Occupancy. Occupancy costs were slightly higher than the prior year due to
the escalation clause in the office lease.

      Financial.  Financial  costs were higher for the six months ended November
30, 2006 due to the accrued  interest on the higher average  outstanding  amount
due to shareholder.

      Depreciation. Depreciation of fixed assets was lower during the six months
ended November 30, 2006 as many assets became fully depreciated.

      Amortization. Amortization of intangibles was comparable for both periods.

Liquidity and capital resources.  The Company has lines of credit with two banks
with  available  credit of  $95,000  and a term  loan of  $25,000.  The  capital
requirements  of the Company are for  operating  expenses and to service and the
use of its lines of credit.  The  Company  has  recorded  significant  operating
losses in the prior two years.  These  losses  are  primarily  due to  increased
direct costs and operating  expenses.  The Company does not have any  derivative
instruments or hedging activities, therefore, the Company believes that SFAS No.
133 will have no material impact on the Company's financial  statements or notes
thereto.

The Company has experienced recurring operating losses and has a working capital
deficiency of $247,150 as of November 30, 2006. Management has initiated changes
in operational procedures, reduced staff and expenses and focused its efforts on
its core business. Management believes that, despite the losses incurred and the
deterioration  in  stockholders'  equity,  it has  developed a plan,  which,  if
successfully  implemented,  can improve  the  operating  results  and  financial
condition  of the Company.  Furthermore,  the Company  continues  its attempt to
raise additional financing through private and public offerings.

      Application  of Critical  Accounting  Policies.  The  Company's  financial
statements  and  accompanying  notes are prepared in accordance  with  generally
accepted  accounting  principles  in  the  United  States.  Preparing  financial
statements requires management to make estimates and assumptions that affect the
reported amounts of assets, liabilities,  revenue, and expenses. These estimates
and assumptions are affected by management's application of accounting policies.
Critical  accounting  policies  for the Company  includes  revenue  recognition,
goodwill and accounting for income taxes.

                                       9
<PAGE>

The Company recognizes revenue in accordance with Staff Accounting  Bulletin No.
101,  "Revenue  Recognition  in Financial  Statements".  The Company  recognizes
revenue when it is realized or  realizable  and earned.  Income from the sale of
franchises is recognized over a 5-year period.  Master franchise  agreement fees
are recognized over 10 years. Royalty income stemming from the gross commissions
on the sales of real estate by the  franchise  offices is recognized at the date
of receipt;  this is due to the  complexity of attempting to forecast the actual
closing date of the  properties.  Warranty income is recognized over the term of
the contract which is usually 12 months; anticipated obligations which represent
incurred  but not  reported  losses  (IBNR)  under  these  warranties  have been
recorded as reserve for  warranty  and are based on past loss  experience.  Real
estate  brokerage  income is  recognized  at the close of escrow.  Loan fees are
recognized  as income when the loan is closed and funded at the close of escrow.
Revenue received or receivable,  from the sale of franchises,  master franchises
and  warranties,  which is not  recognized  as income is recorded on the balance
sheet as deferred revenue.

The  Company  accounts  for  income tax under the  provisions  of  Statement  of
Financial  Accounting  Standards No. 109, which requires recognition of deferred
tax assets and liabilities  for the expected  future tax  consequences of events
that have been included in the consolidated financial statements or tax returns.
Deferred  income  taxes are  provided  using  the  liability  method.  Under the
liability  method,  deferred  income taxes are  recognized  for all  significant
temporary  differences  between the tax and financial  statement bases of assets
and liabilities. In addition, the Company is required to record all deferred tax
assets,  including future tax benefits of capital losses carried forward, and to
record a  "valuation  allowance"  for any  deferred  tax assets where it is more
likely than not that the asset will not be realized.


Item 3.  Controls and Procedures

Based on the evaluation of the Company's  disclosure  controls and procedures by
Andrew  Cimerman,  the Company's Chief  Executive  Officer and Marie M. May, the
Company's  Chief  Financial  Officer,  as of a date within 45 days of the filing
date of this quarterly  report,  such officers have concluded that the Company's
disclosure  controls and procedures  are effective in ensuring that  information
required to be  disclosed by the Company in the reports that it files or submits
under  the  Securities  and  Exchange  Act of 1934,  as  amended,  is  recorded,
processed,  summarized  and  reported,  within the time period  specified by the
Securities and Exchange Commission's rules and forms.

There were no significant changes in the Company's internal controls or in other
factors that could significantly affect these controls subsequent to the date of
their  evaluation,  including any corrective  actions with regard to significant
deficiencies and material weaknesses.

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

         On November 29, 2006,  Homelife  filed in Federal  Court against MIT
         Holding,  Inc.  for breach of contract  and is seeking $2 Million in
         damages.



Item 2.  Changes in Securities and use of proceeds.

         None.

Item 3.   Defaults upon senior securities.

         None.

                                       10
<PAGE>


Item 4.  Submission of matters to a vote of security holders.

         None.


Item 5.  Other Information.

         None.


Item 6.  Exhibits and Reports on Form 8-K.

            (a)   Exhibits:

            31    Certification  Pursuant to Section  302 of the  Sarbanes-Oxley
                  Act of 2002.

            32    Certification  Pursuant to 18 U.S.C.  Section 1350, as Adopted
                  Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



            (b)   Reports on Form 8-K:

                  Entry  into  a  Material   Definitive   Agreement,   Financial
                  Statements and Exhibits - filed September 15, 2006

                                       11
<PAGE>

                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Securities Exchange Act of
1934, as amended (the "Exchange Act") the Registrant caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

     HOMELIFE, INC.
     Registrant

     By: /s/ Andrew Cimerman                            Date: January  17, 2007
         --------------------------------------------         -----------------
         Chief Executive Officer, President, Director

      In accordance  with the Exchange Act, this report has been signed below by
the following  persons on behalf of the  registrant and in the capacities and on
the dates indicated.


     By: /s/ Andrew Cimerman                            Date: January 17, 2007
         --------------------------------------------         ----------------
         Chief Executive Officer, President, Director


                                       12