UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                         Commission File Number:  0-5418

                            CUSIP Number: 93163V 10 9


                                   FORM 12b-25


                           NOTIFICATION OF LATE FILING


(Check  One):  [ ]  Form 10-K and Form 10-KSB     [ ] Form 20-F    [ ] Form 11-K
               [X]  Form  10-Q  and  Form  10-QSB [ ]  Form  N-SAR

  For  Period  Ended:  September  30,  2006
                       --------------------

[ ]  Transition  Report  on Form 10-K       [ ] Transition Report on Form  10-Q
[ ]  Transition  Report  on Form 20-F       [ ] Transition Report on Form N-SAR
[ ]  Transition  Report  on  Form  11-K

For  the  Transition  Period  Ended  :________________________

Read  attached  instruction  sheet before preparing form.  Please print or type.

Nothing  in  this  form  shall  be  construed  to  imply that the Commission has
verified  any  information  contained  herein.

If  the  notification related to a portion of the filing checked above, identify
the  item(s)  to  which  the  notification  relates:

________________________________________________________________________________


                                     PART I
                             REGISTRANT INFORMATION


Full  name  of  registrant:    Walker  Financial  Corporation
                               ------------------------------


Former  name  if  applicable:  ___________________________________________

Address of principal executive office (street and number):  990 Stewart Avenue
                                                            Suite  650
City,  state  and  zip  code:   Garden  City,  New  York  11530
                                -------------------------------



                                     PART II
                             RULE 12b-25 (b) and (c)

If  the subject report could not be filed without unreasonable effort or expense
and  the  registrant  seeks  relief  pursuant  to  Rule 12b-25(b), the following
should  be  completed.  (Check  box  if  appropriate.)

[X]  (a) The  reasons  described  in  reasonable detail in Part III of this form
     could  not  be  eliminated  without  unreasonable  effort  or  expense.

[X]  (b) The  subject  annual  report,  semi-annual report, transition report on
     Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
     before the fifteenth calendar day following the prescribed due date; or the
     subject  quarterly  report  or  transition  report  on Form 10-Q or portion
     thereof  will  be  filed  on or before the fifth calendar day following the
     prescribed  due  date;  and

     (c)  The  accountant's  statement  or  other  exhibit  required  by  Rule
     12b-25(c)has  been  attached  if  applicable.



                                    PART III
                                    NARRATIVE


State  below  in  reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR  or  the  transition  report portion thereof could not be filed within the
prescribed  time  period.

The  Company's  Quarterly  Report  on Form 10-QSB for the quarterly period ended
September 30, 2006 cannot be filed within the prescribed time period because the
Company  requires  additional time for compilation and review to insure adequate
disclosure  of  certain  information required to be included in the Form 10-QSB.
The Company's Quarterly Report on Form 10-QSB will be filed on or before the 5th
calendar  day  following  the  prescribed  due  date.

                                    PART IV
                                OTHER INFORMATION


(1)     Name  and  telephone  number  of  person  to  contact  in regard to this
notification:

     Mitchell Segal,  Chief  Executive  Officer,  516-832-7000
     ---------------------------------------------------------

(2)     Have  all  other  periodic reports required under Section 13 or 15(d) of
the  Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of  1940  during  the  preceding  12  months or for such shorter period that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify  report(s)
     [X]  Yes          [ ]  No

 (3)     Is  it anticipated that any significant change in results of operations
from  the corresponding period for the last fiscal year will be reflected by the
earnings  statements  to  be  included  in  the  subject  report  or  portion
thereof?

     [ ]  Yes          [X]  No

If  so,  attach  an  explanation of the anticipated change, both narratively and
quantitatively,  and, if appropriate, state the reason why a reasonable estimate
of  the  results  cannot  be  made.

                         Walker  Financial  Corporation
     -------------------------------------------------------------------
                  (Name of Registrant as specified in Charter)

has  caused  this  notification  to  be  signed on its behalf by the undersigned
thereunto  duly  authorized.

Date:  November  14,  2006               By:  /s/  Mitchell  Segal
       -------------------                    --------------------
                                              Mitchell  Segal
                                              Chief  Executive  Officer