SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   ___________

                                  SCHEDULE 13G

                                 (Rule 13d-102)


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULES 13d-1(b)(c) AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)

                                (Amendment No. 7)


                            TF FINANCIAL CORPORATION
                     --------------------------------------
                                (Name of Issuer)

                     Common Stock $0.10 Par Value Per Share
                     --------------------------------------
                         (Title of Class of Securities)

                                   872391 10 7
                     --------------------------------------
                                 (CUSIP Number)


                                December 31, 2006
                     --------------------------------------
             (Date of Event which Requires Filing of this Statement)


         Check the  appropriate box to designate the rule pursuant to which this
Schedule is filed:

         [_]    Rule 13 d - 1(b)
         [X]    Rule 13 d - 1(c)
         [_]    Rule 13 d - 1(d)



----------------------------------                          --------------------
CUSIP No.  872391 10 7                       13G            Page 1 of 5 Pages
----------------------------------                          --------------------

------------------ -------------------------------------------------------------
          1        NAME OF REPORTING PERSONS
                   I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                   John R. Stranford
------------------ -------------------------------------------------------------
          2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP    (a) [_]
                                                                       (b) [_]
                   N/A
------------------ -------------------------------------------------------------

          3        SEC USE ONLY

------------------ -------------------------------------------------------------

          4        CITIZENSHIP OR PLACE OF ORGANIZATION

                   United States
----------------------- ------------- ------------------------------------------
                             5        SOLE VOTING POWER
      NUMBER OF                           107,129 Shares
        SHARES      ----------------- ------------------------------------------
     BENEFICIALLY            6        SHARED VOTING POWER
       OWNED BY                                 0 Shares
         EACH       ----------------- ------------------------------------------
      REPORTING              7        SOLE DISPOSITIVE POWER
     PERSON WITH                          154,129 Shares
                    ----------------- ------------------------------------------
                             8        SHARED DISPOSITIVE POWER
                                                0 Shares
----------------- --------------------------------------------------------------
          9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                                 154,129 Shares
----------------- --------------------------------------------------------------
          10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
                  CERTAIN SHARES                                             [_]
----------------- --------------------------------------------------------------

          11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                      5.28%
----------------- --------------------------------------------------------------
          12      TYPE OF REPORTING PERSON

                                       IN
----------------- --------------------------------------------------------------





Item 1(a).  Name of Issuer:
--------------------------

          TF Financial Corporation

Item 1(b).  Address of Issuer's Principal Executive Offices:
-----------------------------------------------------------

          3 Penns Trail, Newtown, Pennsylvania 18940

Item 2(a). Name of Person Filing:
--------------------------------
          John R. Stranford

Item 2(b). Address of Principal Business Office or, if None, Residence:
----------------------------------------------------------------------

          3 Penns Trail, Newtown, Pennsylvania 18940

Item 2(c). Citizenship:
----------------------
          United States

Item 2(d).  Title of Class of Securities:
----------------------------------------

          Common Stock, $0.10 par value per share.

Item 2(e).  CUSIP Number:
------------------------
          872391 10 7

Item 3.
------
          Not Applicable.

                                       2



Item 4.  Ownership:
------------------

     The  following  information  relates  to Mr.  Stranford's  ownership  as of
December 31, 2006.

         (a)      Amount beneficially owned:

                  154,129 shares

         (b)      Percent of Class:

                  5.28%

         (c)      Number of shares as to which such person  has:

                  (i)       Sole power to vote or to direct the vote
                            107,129 shares

                  (ii)      Shared power to vote or to direct the vote
                            0 shares

                  (iii)     Sole power to  dispose or to direct the  disposition
                            of 154,129 shares

                  (iv)      Shared power to dispose or to direct the disposition
                            of 0 shares

Item 5.  Ownership of Five Percent or Less of a Class:
-----------------------------------------------------

         Not Applicable.

Item 6.  Ownership of More Than Five Percent on Behalf of Another Person:
------------------------------------------------------------------------

         Not Applicable.

Item 7.  Identification  and Classification of the Subsidiary Which Acquired the
--------------------------------------------------------------------------------
         Security Being Reported on by the Parent Holding Company:
         --------------------------------------------------------

         Not Applicable.

Item 8.  Identification and Classification of Members of the Group:
------------------------------------------------------------------

         Not Applicable.

                                       3



Item 9.  Notice of Dissolution of Group:
---------------------------------------

         Not Applicable.

Item 10.  Certification:
-----------------------

         By  signing  below I  certify  that,  to the best of my  knowledge  and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.

                                        4



                                    SIGNATURE


         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete,  and
correct.


Date: February 5, 2007                      /s/John R. Stranford
                                            ------------------------------------
                                            John R. Stranford