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


                                        FORM 8-K


                     Current Report Pursuant To Section 13 or 15(d) of
                            the Securities Exchange Act of 1934

           Date of Report (Date of earliest event reported):  December 27, 2004
                          (Date of earliest event reported)

           Securitized Asset Backed Receivables LLC (as Depositor under
              the Pooling and Servicing Agreement, dated as August 1, 2004,
                providing for the issuance of Securitized Asset Backed
                Receivables LLC Trust 2004-NC2 Mortgage Pass-Through
                           Certificates, Series 2004-NC2)
                 (Exact name of registrant as specified in charter)

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-108395-06                        37-1472598
          (Commission File Number)        (I.R.S. Employer Identification No.)


           200 Park Avenue
           NEW YORK, NEW YORK                                  10166
          (Address of principal executive offices)           (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 412-4000



(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     December 27, 2004.

                                    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, hereunto duly authorized.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Securitized Asset Backed
                                  Receivables LLC,Registrant


          Date:  Dec 30, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of December 27, 2004.



Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution

				External Parties					Table of Contents

												Page
				Seller								Page
				Seller					1. Certificate Payment Report					2
				Structured Asset Securitie					1. Certificate Payment Report					2
				Structured Asset Securitie					2. Collection Account Report					4
									2. Collection Account Report					4
									3. Credit Enhancement Report					6
									4. Collateral Report					7
				Certificate Insurer(s)					5. Delinquency Report					10
				Certificate Insurer(s)					5. Delinquency Report					10
									6. REO Report					13

									7. Foreclosure Report					14
									8. Prepayment Report					15
									9. Prepayment Detail Report					18
									9. Prepayment Detail Report					18
									10. Realized Loss Report					20
									11. Realized Loss Detail Report					23
				Servicer(s)					11. Realized Loss Detail Report					23
				Servicer(s)					12. Triggers and Adj. Cert. Report					24
				Litton Loan Servicing					12. Triggers and Adj. Cert. Report					24
				Litton Loan Servicing					13. Other Related Information					25
									13. Other Related Information					25


				Underwriter(s)
				Barclays Capital


									Total Number of Pages					25
									Total Number of Pages

				Dates					Contacts

				Cut-Off Date:		August 01, 2004			Brent Hoyler
				Close Date:		August 25, 2004			Administrator
				First Distribution Date:		September 27, 2004			(714) 247-6322
									Brent.Hoyler@db.com
									Brent.Hoyler@db.com
									Address:
									1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:		December 27, 2004
									Factor Information:			(800) 735-7777
				Record Date:		November 30, 2004			Factor Information:			(800) 735-7777
									Main Phone Number:			(714) 247-6000

						December 24, 2004
						December 24, 2004

									https://www.tss.db.com/invr






Page 1 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior											Current
	Class		Original		Principal					Total		Realized		Deferred		Principal
	Class		Original		Principal					Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance	Interest		Principal		Distribution		Loss		Interest		Balance


					(1)	(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1	FLT, STEP	$	202,695,000.00		190,381,121.09	409,541.68		6,827,929.80		7,237,471.48		0.00		0.00		183,553,191.29
A-1	FLT, STEP	$	202,695,000.00		190,381,121.09	409,541.68		6,827,929.80		7,237,471.48		0.00		0.00		183,553,191.29
A-2	FLT, STEP	$	123,849,000.00		112,995,598.80	249,153.82		9,734,685.23		9,983,839.05		0.00		0.00		103,260,913.57
M-1	MEZ, FLT, S	$	25,042,000.00		25,042,000.00	59,961.35		0.00		59,961.35		0.00		0.00		25,042,000.00
M-2	MEZ, FLT, S	$	19,032,000.00		19,032,000.00	55,404.02		0.00		55,404.02		0.00		0.00		19,032,000.00
M-3	MEZ, FLT, S	$	5,809,000.00		5,809,000.00	18,011.05		0.00		18,011.05		0.00		0.00		5,809,000.00
B-1	SUB, FLT, S	$	5,209,000.00		5,209,000.00	18,303.78		0.00		18,303.78		0.00		0.00		5,209,000.00
B-2	SUB, FLT, S	$	4,007,000.00		4,007,000.00	14,425.15		0.00		14,425.15		0.00		0.00		4,007,000.00
B-3	SUB, FLT, S	$	3,005,000.00		3,005,000.00	13,405.60		0.00		13,405.60		0.00		0.00		3,005,000.00
B-4	SUB, FLT, S	$	4,006,000.00		4,006,000.00	17,871.16		0.00		17,871.16		0.00		0.00		4,006,000.00
X	EXE	$	8,014,306.00		8,013,366.12	909,772.71		0.00		909,772.71		0.00		0.00		8,013,366.12
P	EXE	$	0.00		0.00	215,073.38		0.00		215,073.38		0.00		0.00		0.00
R	R	$	0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00



Total			400,668,306.00		377,500,086.01	1,980,923.70		16,562,615.03		18,543,538.73		0.00		0.00		360,937,470.98
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
								Orig. Principal		Prior							Current
								Orig. Principal		Prior							Current
	Period		Period					(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method	Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

								(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	11/26/04		12/26/04		A-Act/360	81375WBJ4		202,695,000.00		939.249222		2.020482		33.685734		35.706216	905.563488
A-2	11/26/04		12/26/04		A-Act/360	81375WBA3		123,849,000.00		912.365855		2.011755		78.601242		80.612997	833.764613
M-1	11/26/04		12/26/04		A-Act/360	81375WBB1		25,042,000.00		1,000.000000		2.394431		0.000000		2.394431	1,000.000000
M-2	11/26/04		12/26/04		A-Act/360	81375WBC9		19,032,000.00		1,000.000000		2.911098		0.000000		2.911098	1,000.000000
M-3	11/26/04		12/26/04		A-Act/360	81375WBD7		5,809,000.00		1,000.000000		3.100542		0.000000		3.100542	1,000.000000
B-1	11/26/04		12/26/04		A-Act/360	81375WBE5		5,209,000.00		1,000.000000		3.513876		0.000000		3.513876	1,000.000000
B-2	11/26/04		12/26/04		A-Act/360	81375WBF2		4,007,000.00		1,000.000000		3.599988		0.000000		3.599988	1,000.000000
B-3	11/26/04		12/26/04		A-Act/360	81375WBG0		3,005,000.00		1,000.000000		4.461098		0.000000		4.461098	1,000.000000
B-4	11/26/04		12/26/04		A-Act/360	81375WBH8		4,006,000.00		1,000.000000		4.461098		0.000000		4.461098	1,000.000000
X	11/26/04		12/26/04		A-Act/360	BC04C201X		8,014,306.00		999.882725		113.518589		0.000000		113.518589	999.882725
P	11/26/04		12/26/04		A-Act/360	BC04C201P		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R	11/26/04		12/26/04			0.00		0.000000		0.000000		0.000000		0.000000		0.000000





Page 2 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution

Distribution to Date - REMIC II
																Current


	Original				Unscheduled	Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal	Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)	(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	202,695,000.00		1,492,306.41		19,141,808.71	0.00		19,141,808.71		20,634,115.12		0.00		0.00		183,553,191.29
A-2	123,849,000.00		925,027.18		20,588,086.43	0.00		20,588,086.43		21,513,113.61		0.00		0.00		103,260,913.57
M-1	25,042,000.00		214,703.51		0.00	0.00		0.00		214,703.51		0.00		0.00		25,042,000.00
M-2	19,032,000.00		202,508.17		0.00	0.00		0.00		202,508.17		0.00		0.00		19,032,000.00
M-3	5,809,000.00		66,212.03		0.00	0.00		0.00		66,212.03		0.00		0.00		5,809,000.00
B-1	5,209,000.00		67,985.34		0.00	0.00		0.00		67,985.34		0.00		0.00		5,209,000.00
B-2	4,007,000.00		53,677.61		0.00	0.00		0.00		53,677.61		0.00		0.00		4,007,000.00
B-3	3,005,000.00		50,605.42		0.00	0.00		0.00		50,605.42		0.00		0.00		3,005,000.00
B-4	4,006,000.00		67,462.65		0.00	0.00		0.00		67,462.65		0.00		0.00		4,006,000.00
X	8,014,306.00		4,126,058.70		939.88	0.00		939.88		4,126,998.58		0.00		0.00		8,013,366.12
P	0.00		437,457.98		0.00	0.00		0.00		437,457.98		0.00		0.00		0.00
R	0.00		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00



Total	400,668,306.00		7,704,005.00		39,730,835.02	0.00		39,730,835.02		47,434,840.02		0.00		0.00		360,937,470.98


Interest Detail - REMIC II
	Pass		Prior Principal			Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal			Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued	Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest	Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)	(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	2.49813%		190,381,121.09		409,541.68	0.00		0.00		0.00		409,541.68		409,541.68		0.00
A-2	2.56063%		112,995,598.80		249,153.82	0.00		0.00		0.00		249,153.82		249,153.82		0.00
M-1	2.78063%		25,042,000.00		59,961.35	0.00		0.00		0.00		59,961.35		59,961.35		0.00
M-2	3.38063%		19,032,000.00		55,404.02	0.00		0.00		0.00		55,404.02		55,404.02		0.00
M-3	3.60063%		5,809,000.00		18,011.05	0.00		0.00		0.00		18,011.05		18,011.05		0.00
B-1	4.08063%		5,209,000.00		18,303.78	0.00		0.00		0.00		18,303.78		18,303.78		0.00
B-2	4.18063%		4,007,000.00		14,425.15	0.00		0.00		0.00		14,425.15		14,425.15		0.00
B-3	5.18063%		3,005,000.00		13,405.60	0.00		0.00		0.00		13,405.60		13,405.60		0.00
B-4	5.18063%		4,006,000.00		17,871.16	0.00		0.00		0.00		17,871.16		17,871.16		0.00
X	131.84350%		8,013,366.12		0.00	0.00		0.00		0.00		0.00		909,772.71		0.00
P	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		215,073.38		0.00
R	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00



Total			377,500,086.01		856,077.61	0.00		0.00		0.00		856,077.61		1,980,923.70		0.00



Page 3 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Collection Account Report
SUMMARY
SUMMARY
									Group 2		Group 1		Total
Principal Collections									9,734,685.23		6,827,929.80		16,562,615.03
Principal Withrawals									0.00		0.00		0.00
Principal Other Accounts									0.00		0.00		0.00
TOTAL NET PRINCIPAL									9,734,685.23		6,827,929.80		16,562,615.03
Interest Collections									664,933.84		1,130,682.63		1,795,616.48
Interest Withdrawals									-0.00		-0.00		-0.00
Interest Other Accounts									0.00		0.00		215,073.38
Interest Fees									-11,570.45		-18,195.70		-29,766.15
TOTAL NET INTEREST									653,363.39		1,112,486.94		1,980,923.71
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION									10,388,048.62		7,940,416.74		18,543,538.74



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Principal Received										0.00		0.00		0.00
Prepayments In Full										9,732,345.44		6,821,892.56		16,554,238.00
Curtailments										2,339.79		6,037.24		8,377.03
Liquidations										0.00		0.00		0.00
Insurance Principal										0.00		0.00		0.00
Repurchased Principal Amounts										0.00		0.00		0.00
Other Principal										0.00		0.00		0.00
Total Realized Loss Of Principal										-0.00		-0.00		-0.00
Delinquent Principal										-0.00		-0.00		-0.00
Advanced Principal										0.00		0.00		0.00
TOTAL PRINCIPAL COLLECTED										9,734,685.23		6,827,929.80		16,562,615.03


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
									Group 2		Group 1		Total
TOTAL OTHER ACCOUNTS PRINCIPAL									0.00		0.00		0.00





Page 4 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
									Group 2		Group 1		Total
Scheduled Interest									713,487.50		1,213,209.32		1,926,696.82
Liquidation Interest									0.00		0.00		0.00
Repurchased Interest									0.00		0.00		0.00
Insurance Interest									0.00		0.00		0.00
Other Interest									0.00		0.00		0.00
Relief Act Interest Shortfalls									-0.00		-0.00		-0.00
Prepayment Interest Shortfalls									-22,324.76		-19,956.27		-42,281.03
Compensating Interest									22,324.76		19,956.27		42,281.03
Delinquent Interest									-587,272.92		-1,014,360.48		-1,601,633.40
Interest Advanced									538,719.26		931,833.80		1,470,553.05
TOTAL INTEREST COLLECTED									664,933.84		1,130,682.63		1,795,616.48


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
									Group 2		Group 1		Total
Nonrecoverable Advances									0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS									0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
									Group 2		Group 1		Total
Prepayment Charges													215,073.38
TOTAL INTEREST OTHER ACCOUNTS									0.00		0.00		215,073.38



INTEREST - FEES
INTEREST - FEES
									Group 2		Group 1		Total
Current Servicing Fees									10,241.68		15,969.68		26,211.36
Current Trustee Fees									1,328.77		2,226.02		3,554.79
TOTAL INTEREST OTHER FEES									11,570.45		18,195.70		29,766.15




Page 5 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
									Group 2		Group 1		Total
Overcollateralization Amount													8,013,366.12
Overcollateralization Target Amount													8,013,366.12
Overcollateralization Deficiency Amount													0.00
Overcollateralization Release Amount													0.00




Page 6 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Collateral Report


COLLATERAL



										Group 2		Group 1		Total



*Loan Count:*


Original									372		1,123		1,495
Prior									345		1,072		1,417
Prefunding									0		0		0
Scheduled Paid Offs									-0		-0		-0
Full Voluntary Prepayments									-24		-27		-51
Repurchases									-0		-0		-0
Liquidations									-0		-0		-0
Current									321		1,045		1,366
*Principal Balance:*


Original									151,962,676.93		248,705,629.03		400,668,305.96
Prior									141,108,806.93		236,391,279.08		377,500,086.01
Prefunding									0.00		0.00		0.00
Scheduled Principal									-0.00		-0.00		-0.00
Partial Prepayments									-2,339.79		-6,037.24		-8,377.03
Full Voluntary Prepayments									-9,732,345.44		-6,821,892.56		-16,554,238.00
Repurchases									-0.00		-0.00		-0.00
Liquidations									-0.00		-0.00		-0.00
Current									131,374,121.70		229,563,349.28		360,937,470.98





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution

CHARACTERISTICS
CHARACTERISTICS
									Group 2		Group 1		Total
Weighted Average Coupon Original									6.01429%		6.14047%		6.09261%
Weighted Average Coupon Prior									6.04682%		6.15467%		6.11401%
Weighted Average Coupon Current									6.06755%		6.15865%		6.12460%
Weighted Average Months to Maturity Original									349		353		351
Weighted Average Months to Maturity Prior									347		351		349
Weighted Average Months to Maturity Current									346		350		348
Weighted Avg Remaining Amortization Term Original									349		353		351
Weighted Avg Remaining Amortization Term Prior									347		351		349
Weighted Avg Remaining Amortization Term Current									346		350		348
Weighted Average Seasoning Original									4.78		4.73		4.75
Weighted Average Seasoning Prior									6.78		6.72		6.74
Weighted Average Seasoning Current									7.78		7.71		7.74









Page 8 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
									Group 2		Group 1		Total
Weighted Average Margin Original									5.25501%		5.37059%		5.32675%
Weighted Average Margin Prior									5.26488%		5.37013%		5.33044%
Weighted Average Margin Current									5.26971%		5.37115%		5.33323%
Weighted Average Max Rate Original									13.01491%		13.13953%		13.09226%
Weighted Average Max Rate Prior									13.00998%		13.13434%		13.08745%
Weighted Average Max Rate Current									13.01435%		13.13249%		13.08833%
Weighted Average Min Rate Original									5.99875%		6.13360%		6.08245%
Weighted Average Min Rate Prior									5.99454%		6.12804%		6.07770%
Weighted Average Min Rate Current									6.00258%		6.12589%		6.07980%
Weighted Average Cap Up Original									1.65601%		1.56790%		1.60132%
Weighted Average Cap Up Prior									1.65242%		1.56730%		1.59940%
Weighted Average Cap Up Current									1.64820%		1.56590%		1.59666%
Weighted Average Cap Down Original									1.65601%		1.56790%		1.60132%
Weighted Average Cap Down Prior									1.65242%		1.56730%		1.59940%
Weighted Average Cap Down Current									1.64820%		1.56590%		1.59666%




SERVICING FEES & ADVANCES

										Group 2		Group 1		Total




Current Servicing Fees									10,241.68		15,969.68		26,211.36
Delinquent Servicing Fees									48,553.66		82,526.69		131,080.34
TOTAL SERVICING FEES									58,795.34		98,496.37		157,291.70


Compensating Interest									-22,324.76		-19,956.27		-42,281.03
Delinquent Servicing Fees									-48,553.66		-82,526.69		-131,080.34
COLLECTED SERVICING FEES									-12,083.08		-3,986.59		-16,069.67


Aggregate Advances with respect to this Distribution									538,719.26		931,833.80		1,470,553.05





ADDITIONAL COLLATERAL INFORMATION
									Group 2		Group 1		Total
Net Prepayment Interest Shortfall									0.00		0.00		0.00
Libor For Current Period													2.1806%




Page 9 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			3,694,886.73		1,465,610.56		1,270,799.70		6,431,296.99
			% Balance			1.02%		0.41%		0.35%		1.78%
			# Loans			14		7		4		25
			% # Loans			1.02%		0.51%		0.29%		1.83%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00	3,694,886.73		1,465,610.56		1,270,799.70		6,431,296.99
			% Balance		0.00%	1.02%		0.41%		0.35%		1.78%
			# Loans		0	14		7		4		25
			% # Loans		0.00%	1.02%		0.51%		0.29%		1.83%









Page 10 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution


	GROUP 1
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			2,854,086.73		1,065,711.40		197,999.70		4,117,797.83
			% Balance			1.24%		0.46%		0.09%		1.79%
			# Loans			12		6		1		19
			% # Loans			1.15%		0.57%		0.10%		1.82%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00	2,854,086.73		1,065,711.40		197,999.70		4,117,797.83
			% Balance		0.00%	1.24%		0.46%		0.09%		1.79%
			# Loans		0	12		6		1		19
			% # Loans		0.00%	1.15%		0.57%		0.10%		1.82%










Page 11 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution

	GROUP 2
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			840,800.00		399,899.16		1,072,800.00		2,313,499.16
			% Balance			0.64%		0.30%		0.82%		1.76%
			# Loans			2		1		3		6
			% # Loans			0.62%		0.31%		0.93%		1.87%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00	840,800.00		399,899.16		1,072,800.00		2,313,499.16
			% Balance		0.00%	0.64%		0.30%		0.82%		1.76%
			# Loans		0	2		1		3		6
			% # Loans		0.00%	0.62%		0.31%		0.93%		1.87%









Page 12 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
REO Report
Loan Number			Original		Stated			Current		State &

													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
SPACE INTENTIONALLY LEFT BLANK



TOTAL



Page 13 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Foreclosure Report
Loan Number			Original		Stated			Current		State &

													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date




TOTAL



Page 14 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

										Group 2		Group 1		Total




*Current*


Number of Paid in Full Loans									24		27		51
Number of Repurchased Loans									0		0		0
Total Number of Loans Prepaid in Full									24		27		51
Curtailments Amount									2,339.79		6,037.24		8,377.03
Paid in Full Balance									9,732,345.44		6,821,892.56		16,554,238.00
Repurchased Loans Balance									0.00		0.00		0.00
Total Prepayment Amount									9,734,685.23		6,827,929.80		16,562,615.03

*Cumulative*


Number of Paid in Full Loans									51		78		129
Number of Repurchased Loans									0		0		0
Total Number of Loans Prepaid in Full									51		78		129
Paid in Full Balance									20,565,672.02		19,097,661.61		39,663,333.63
Repurchased Loans Balance									0.00		0.00		0.00
Curtailments Amount									22,883.21		44,618.14		67,501.35
Total Prepayment Amount									20,588,555.23		19,142,279.75		39,730,834.98










Page 15 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

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Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

										Group 2		Group 1		Total



SMM									6.90%		2.89%		4.39%
3 Months Avg SMM									3.94%		2.14%		2.81%
12 Months Avg SMM									3.57%		1.98%		2.58%
Avg SMM Since Cut-off									3.57%		1.98%		2.58%


CPR									57.59%		29.65%		41.63%
3 Months Avg CPR									38.25%		22.82%		28.94%
12 Months Avg CPR									35.39%		21.36%		26.90%
Avg CPR Since Cut-off									35.39%		21.36%		26.90%


PSA									3,702.48%		1,921.82%		2,690.30%
3 Months Avg PSA Approximation									2,821.67%		1,698.18%		2,146.61%
12 Months Avg PSA Approximation									2,818.18%		1,716.65%		2,154.30%
Avg PSA Since Cut-off Approximation									2,818.19%		1,716.65%		2,154.30%










Page 16 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

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Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution






PREPAYMENT CALCULATION METHODOLOGY

	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal)

	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...*(1-SMMm)]^(1/months in period n,m)
	Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

	Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
	Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

	Weighted Average Seasoning (WAS)

	Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
	Dates correspond to distribution dates.




Page 17 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original						Current		State &		Type Prepayment		First
Loan Number			Original						Current		State &		Type Prepayment

&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

1316654 1			118,400.00		118,365.90		04-Nov-2004		6.875%		Ne - 80.00%		Paid Off - 360		4/1/2004
1316654 1			118,400.00		118,365.90		04-Nov-2004		6.875%		Ne - 80.00%		Paid Off - 360		4/1/2004
1337860 1			303,200.00		303,200.00		16-Nov-2004		6.375%		Ca - 80.00%		Paid Off - 360		5/1/2004
1338098 1			250,000.00		249,955.14		08-Nov-2004		6.950%		Ca - 56.18%		Paid Off - 360		4/1/2004
1348208 1			219,300.00		219,287.97		04-Nov-2004		5.250%		Ca - 85.00%		Paid Off - 300		4/1/2004
1361630 2			363,200.00		363,003.42		10-Nov-2004		5.750%		Ca - 80.00%		Paid Off - 300		4/1/2004
1370082 2			405,000.00		405,000.00		29-Nov-2004		6.350%		Ca - 90.00%		Paid Off - 360		5/1/2004
1372654 1			256,000.00		256,000.00		30-Nov-2004		6.620%		Ca - 80.00%		Paid Off - 360		4/1/2004
1373999 1			316,000.00		316,000.00		29-Nov-2004		5.800%		Ca - 80.00%		Paid Off - 360		4/1/2004
1374937 2			349,600.00		349,600.00		29-Nov-2004		6.800%		Ca - 80.00%		Paid Off - 360		4/1/2004
1375513 2			428,000.00		428,000.00		30-Nov-2004		6.550%		Il - 80.00%		Paid Off - 360		4/1/2004
1377450 2			365,000.00		365,000.00		23-Nov-2004		6.650%		Il - 76.84%		Paid Off - 360		5/1/2004
1380138 1			215,200.00		215,200.00		16-Nov-2004		6.925%		Ca - 80.00%		Paid Off - 360		4/1/2004
1390695 1			212,500.00		212,500.00		15-Nov-2004		6.400%		Ca - 82.36%		Paid Off - 360		5/1/2004
1390813 1			280,000.00		279,919.64		01-Nov-2004		6.850%		Ar - 80.00%		Paid Off - 360		6/1/2004
1392386 2			408,000.00		407,999.64		18-Nov-2004		5.150%		Ca - 80.00%		Paid Off - 360		5/1/2004
1393763 1			386,100.00		386,100.00		22-Nov-2004		7.000%		Ca - 90.00%		Paid Off - 360		5/1/2004
1397059 1			195,500.00		195,500.00		19-Nov-2004		6.990%		Ca - 83.19%		Paid Off - 360		5/1/2004
1398038 1			156,000.00		156,000.00		17-Nov-2004		5.250%		Ca - 80.00%		Paid Off - 360		6/1/2004
1398060 2			337,500.00		337,500.00		10-Nov-2004		6.350%		Ca - 90.00%		Paid Off - 360		5/1/2004
1403070 1			276,000.00		276,000.00		03-Nov-2004		5.900%		Ca - 80.00%		Paid Off - 360		5/1/2004
1404620 1			314,000.00		314,000.00		15-Nov-2004		6.150%		Ne - 87.22%		Paid Off - 360		5/1/2004
1412741 2			350,000.00		350,000.00		02-Nov-2004		6.400%		Ca - 89.06%		Paid Off - 360		5/1/2004
1412800 2			346,770.00		346,705.92		05-Nov-2004		5.800%		Ca - 80.00%		Paid Off - 360		5/1/2004
1421884 1			320,000.00		320,000.00		15-Nov-2004		6.150%		Ne - 80.00%		Paid Off - 360		5/1/2004
1424436 1			200,000.00		200,000.00		12-Nov-2004		6.400%		Ca - 78.43%		Paid Off - 360		5/1/2004
1429517 2			423,000.00		422,908.48		03-Nov-2004		5.150%		Co - 90.00%		Paid Off - 360		6/1/2004
1431726 1			333,000.00		332,999.99		01-Nov-2004		6.250%		Ca - 83.67%		Paid Off - 360		5/1/2004
1431953 2			368,400.00		368,400.00		29-Nov-2004		6.050%		Ca - 80.00%		Paid Off - 360		5/1/2004
1432005 2			409,500.00		409,358.08		29-Nov-2004		5.990%		Ne - 90.00%		Paid Off - 360		5/1/2004
1432107 1			144,000.00		144,000.00		17-Nov-2004		6.250%		Co - 68.57%		Paid Off - 360		5/1/2004
1432482 2			409,500.00		409,499.19		29-Nov-2004		6.550%		Ca - 90.00%		Paid Off - 360		6/1/2004
1434064 1			310,500.00		310,500.00		04-Nov-2004		5.400%		Ne - 90.00%		Paid Off - 360		6/1/2004
1440759 1			312,750.00		312,750.00		10-Nov-2004		6.600%		Ca - 75.00%		Paid Off - 360		5/1/2004
1442074 2			400,000.00		400,000.00		29-Nov-2004		6.650%		Ca - 79.68%		Paid Off - 360		5/1/2004
1442413 2			420,000.00		420,000.00		03-Nov-2004		6.900%		Ca - 80.00%		Paid Off - 360		5/1/2004
1445610 2			460,000.00		460,000.00		02-Nov-2004		5.900%		Ca - 80.00%		Paid Off - 360		5/1/2004
1446094 1			300,800.00		300,800.00		11-Nov-2004		6.600%		Il - 80.00%		Paid Off - 360		5/1/2004
1446094 1			300,800.00		300,800.00				6.600%		Il - 80.00%		Paid Off - 360



Page 18 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original						Current		State &		Type Prepayment		First
Loan Number			Original						Current		State &		Type Prepayment

&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

1447435 2			373,384.00		373,275.42		10-Nov-2004		6.900%		Ne - 80.00%		Paid Off - 360		5/1/2004
1447435 2			373,384.00		373,275.42		10-Nov-2004		6.900%		Ne - 80.00%		Paid Off - 360		5/1/2004
1448856 1			254,400.00		254,257.85		22-Nov-2004		6.650%		Ca - 80.00%		Paid Off - 360		5/1/2004
1449483 2			405,000.00		405,000.00		19-Nov-2004		6.350%		Ca - 87.28%		Paid Off - 360		5/1/2004
1461274 2			414,000.00		414,000.00		15-Nov-2004		6.900%		Ca - 90.00%		Paid Off - 360		6/1/2004
1472666 1			279,000.00		279,000.00		01-Nov-2004		7.000%		Ca - 90.00%		Paid Off - 360		6/1/2004
1477983 2			390,000.00		390,000.00		19-Nov-2004		5.890%		Ca - 74.29%		Paid Off - 360		6/1/2004
1481655 1			192,000.00		192,000.00		17-Nov-2004		6.475%		Ca - 80.00%		Paid Off - 360		6/1/2004
1493692 2			599,200.00		599,200.00		29-Nov-2004		6.050%		Ca - 80.00%		Paid Off - 360		6/1/2004
1494247 2			402,300.00		402,300.00		19-Nov-2004		5.450%		Ca - 90.00%		Paid Off - 360		6/1/2004
1495958 1			190,475.00		190,356.07		15-Nov-2004		7.400%		Ar - 95.00%		Paid Off - 360		6/1/2004
1496926 1			336,000.00		336,000.00		23-Nov-2004		6.950%		Ma - 80.00%		Paid Off - 360		6/1/2004
1515188 2			405,600.00		405,600.00		08-Nov-2004		6.450%		Ca - 80.00%		Paid Off - 360		6/1/2004
1515404 2			500,000.00		499,995.29		03-Nov-2004		8.150%		Ca - 94.70%		Paid Off - 360		6/1/2004
1521664 1			151,200.00		151,200.00		01-Nov-2004		6.600%		Ha - 80.00%		Paid Off - 360		6/1/2004


TOTAL			16,555,279.00		16,554,238.00
TOTAL


Page 19 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



										Group 2		Group 1		Total


*Current*
*Current*



Number of Loans Liquidated									0		0		0
Collateral Principal Realized Loss/(Gain) Amount									0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount									0.00		0.00		0.00
Net Liquidation Proceeds									0.00		0.00		0.00

*Cumulative*
*Cumulative*



Number of Loans Liquidated									0		0		0
Collateral Realized Loss/(Gain) Amount									0.00		0.00		0.00
Net Liquidation Proceeds									0.00		0.00		0.00










Page 20 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution


DEFAULT SPEEDS



										Group 2		Group 1		Total



MDR									0.00%		0.00%		0.00%
3 Months Avg MDR									0.00%		0.00%		0.00%
12 Months Avg MDR									0.00%		0.00%		0.00%
Avg MDR Since Cut-off									0.00%		0.00%		0.00%


CDR									0.00%		0.00%		0.00%
3 Months Avg CDR									0.00%		0.00%		0.00%
12 Months Avg CDR									0.00%		0.00%		0.00%
Avg CDR Since Cut-off									0.00%		0.00%		0.00%


SDA									0.00%		0.00%		0.00%
3 Months Avg SDA Approximation									0.00%		0.00%		0.00%
12 Months Avg SDA Approximation									0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation									0.00%		0.00%		0.00%


Loss Severity Approximation for Current Period									0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation									0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation									0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off									0.00%		0.00%		0.00%












Page 21 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 22 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Realized Loss Detail Report
Loan Number			Current		State &			Prior		Realized				Cumulative
														Cumulative
&		Loan	Note		LTV at	Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination	Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination	Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 23 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
									Group 2		Group 1		Total
Trigger Event in effect (0=No , 1=Yes)													0
Stepdown Date has occurred (0 = No, 1=Yes)													0
Balances 60+ days includes Bankruptcy and Foreclosure													6,251,505.95
Ending Balance													360,937,470.98
Senior Enhancement Percentage													19.6400%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
									Group 2		Group 1		Total
Basis Risk CarryForward Amount Paid													0.00
Basis Risk CarryForward Amount Unpaid													0.00
Excess Reserve Fund Account Balance													0.00




Page 24 of 25
Securitized Asset Backed Receivables LLC 2004-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC2

December 27, 2004 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
									Group 2		Group 1		Total
Current Scheduled Payments									713,487.50		1,213,209.32		1,926,696.82
Current Scheduled Payments 1 Month Prior									734,998.58		1,235,890.73		1,970,889.31
Current Scheduled Payments 2 Month Prior									744,726.53		1,253,858.62		1,998,585.14
Current Scheduled Payments 3 Month Prior									761,623.06		1,272,640.50		2,034,263.55
Current Scheduled Payments 4 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 5 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 6 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 7 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 8 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 9 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior									0.00		0.00		0.00





Sched. Payments for 60+Day Delinquent Loans									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior									0.00		0.00		0.00




Page 25 of 25

SECURITIZED ASSET BACKED RECEIVABLES LLC TRUST 2004-NC2 8-K