EXHIBIT 99.1

Bay View Securitization Corporation
Bay View 2002 LJ-1 Owner Trust
For Payment Date: October 25, 2004
For Collection Period: September 2004
For Determination Date: October 15, 2004


A. PRINCIPAL BALANCE RECONCILIATION	A-1			A-2			A-3			A-4			# LOANS			TOTAL			LOAN BALANCE
(A) Original Principal Balance		65,800,000.00			129,000,000.00			171,000,000.00			87,410,907.00			20,885			453,210,907.00			453,210,907.00
(B) Beginning Balance		0.00			0.00			64,519,357.79			87,410,907.00			9,924			151,930,264.79			151,930,264.79
(C) Collections (Regular Payments)		0.00			0.00			3,412,677.27			0.00			N/A			3,412,677.27			3,412,677.27
(D) Withdrawal from Payahead (Principal)		0.00			0.00			3,009.58			0.00			N/A			3,009.58			3,009.58
(E) Collections (Principal Payoffs)		0.00			0.00			3,990,706.08			0.00			311			3,990,706.08			3,990,706.08
(F) Gross Charge Offs (Prior Mo. End Bal)		0.00			0.00			319,072.05			0.00			24			319,072.05			319,072.05
(G) Principal Reductions (Other)(Partial chg-off)		0.00			0.00			1,044.22			0.00			N/A			1,044.22			1,044.22
(H) Repurchases		0.00			0.00			0.00			0.00			0			0.00			0.00

(I) Ending Balance		0.00			0.00			56,792,848.59			87,410,907.00			9,589			144,203,755.59			144,203,755.59

(J) Certificate Factor		0.000000	%		0.000000	%		33.212192	%		100.000000	%		45.913335	%		31.818245	%		31.818245	%
Notional Principal Balance: Class I
(K) Beginning																				61,880,159.70
(L) Reduction																				7,726,509.20
(M) Ending																				54,153,650.50
Notional Principal Balance: Companion Component
(N) Beginning																				90,050,105.09
(O) Reduction																				—
(P) Ending																				90,050,105.09
B. CASH FLOW RECONCILIATION																			TOTALS
(A) CASH WIRED-PRINCIPAL AND INTEREST COLLECTIONS																				8,716,552.38
(B) INTEREST WIRED — COLLECTION ACCOUNT & PAYAHEAD ACCOUNT																				12,327.37
(C) WITHDRAWAL FROM PAYAHEAD ACCOUNT																				0.00
1) allocable to principal																				3,009.58
2) allocable to interest																				0.00
(D) ADVANCES																				9,063.20
(E) REPURCHASES																				0.00
(F) GROSS CHARGE OFF RECOVERIES																				179,602.51
(G) SPREAD ACCOUNT WITHDRAWAL																				0.00
(H) Policy Draw for “I” Interest																				0.00
(I) Policy Draw for “A-1” Interest or Ultimate Principal																				0.00
(J) Policy Draw for “A-2” Interest or Ultimate Principal																				0.00
(K) Policy Draw for “A-3” Interest or Ultimate Principal																				0.00
(L) Policy Draw for “A-4” Interest or Ultimate Principal																				0.00
TOTAL COLLECTIONS																				8,920,555.04
C. TRUSTEE DISTRIBUTION																			TOTAL
(A) TOTAL CASH FLOW																				8,920,555.04
(B) DEPOSIT TO PAYAHEAD																				0.00
(C) Indenture Trustee Fee																				0.00
(D) UNRECOVERED INTEREST ADVANCES																				4,721.67
(E) SERVICING FEE (DUE AND UNPAID)																				126,608.55
(F) Standby Servicing Fee (not to exceed $50,000)																				3,000.00
(G) Owner Trustee Fee (not to exceed $25,000)																				0.00
(H) INTEREST TO “A-1” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00
(I) INTEREST TO “A-2” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00
(J) INTEREST TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				156,997.10
(K) INTEREST TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				262,232.72
(L) Interest to “I” Certificate Holders, including Overdue																				128,917.00
(M) PRINCIPAL TO “A-1” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00
(N) PRINCIPAL TO “A-2” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00
(O) PRINCIPAL TO “A-3” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				7,726,509.20
(P) PRINCIPAL TO “A-4” CERTIFICATE HOLDERS, INCLUDING OVERDUE																				0.00
(Q) Policy Premium and Unreimbursed Draws																				48,067.92
(R) Spread Account (up to the Requisite Amount)																				0.00
(S) Additional Unpaid Standby Servicing Fee																				0.00
(T) Additional Unpaid Indenture Trustee Fee																				0.00
(U) Additional Unpaid Owner Trustee Fee																				0.00
(V) Interests Advance Recovery Payments																				0.00

(W) EXCESS YIELD																				463,500.88

BALANCE																				0.00

D. SPREAD ACCOUNT																			SPREAD
																			ACCOUNT
(A) BEGINNING BALANCE																				13,907,389.88
(B) ADDITIONS TO SPREAD AMOUNT																				463,500.88
(C) INTEREST EARNED																				15,835.61
(D) DRAWS																				0.00
(E) REIMBURSEMENT FOR PRIOR DRAWS																				N/A
(F) DISTRIBUTION OF FUNDS TO SERVICER																				N/A
(G) PRIOR MONTH DISTRIBUTION OF FUNDS TO ISSUER																				311,062.67

(H) ENDING BALANCE																				14,075,663.70

(I) REQUIRED BALANCE																				13,596,327.21

(J) CURRENT MONTH DISTRIBUTION OF FUNDS TO ISSUER																				479,336.49

Bay View Securitization Corporation
Bay View 2002 LJ-1 Owner Trust
For Payment Date: October 25, 2004
For Collection Period: September 2004
For Determination Date: October 15, 2004


E. CURRENT RECEIVABLES DELINQUENCY			NUMBER		BALANCE
# PAYMENT DELINQUENCY
(A) 31-60				46		672,485.29
(B) 61-90				4		29,509.53

(C) TOTAL				50		701,994.82

(D) 90+ days				9		157,582.07
F. REPOSSESSIONS
(A) COLLECTION PERIOD REPOSSESSIONS (CURRENT PERIOD END BAL)				18		357,369.35
(B) AGGREGATE REPOSSESSIONS				505		9,894,528.30
(C) UNLIQUIDATED REPOSSESSIONS				21		424,067.85
G. PAYAHEAD RECONCILIATION
(A) BEGINNING BALANCE						78,564.54
(B) DEPOSIT						0.00
(C) WITHDRAWAL						3,009.58

(D) ENDING BALANCE						75,554.96

PERFORMANCE TEST
H. DELINQUENCY RATIO (30+)	DELINQUENT
	MONTH		POOL		DELINQUENCY
MONTH	BALANCE		BALANCE			%
(A) CURRENT		701,994.82		144,203,755.59		0.4868	%
(B) 1ST PREVIOUS		646,759.37		151,930,264.79		0.4257	%
(C) 2ND PREVIOUS		734,647.91		160,040,183.50		0.4590	%

(D) THREE MONTH ROLLING AVERAGE		694,467.37		152,058,067.96		0.4572	%

I. CUMULATIVE DEFAULT RATE	MONTH		ORIGINAL POOL
	BALANCE		BALANCE		Default Rate %
(A) Defaulted Receivables (Current Period)		463,454.95
(B) Cumulative Defaulted Receivables (Prior Month)		12,314,398.60
(C) Cumulative Defaulted Receivables (Current Month)		12,777,853.55		453,210,907.00		2.82	%
	MONTH		ORIGINAL POOL
J. CUMULATIVE NET LOSS RATE	BALANCE		BALANCE		Net Loss Rate %
(A) Collection Period Charge-Off receivables		320,116.27
(B) 50% of Purchase Receivables with scheduled payment delinquent more than 30 days		—
(C) Aggregate Cram Down Losses during period		—
(D) Less: Recoveries (current month)		179,602.51
(E) Prior Period Adjustment		—
(F) Net Losses current period		140,513.76
(G) Prior Period cumulative net losses		8,240,358.32
(H) Cumulative Net Losses (current period)		8,380,872.08		453,210,907.00		1.85	%
(I) Total Defaults		463,454.95
(J) 50% of defaulted Receivables ( not included in Collection Period Charge-Off Receivables)		231,727.48
(K) Cumulative net losses including 50% of defaults		8,612,599.56		453,210,907.00		1.90	%
	MONTH		POOL
K. EXTENSION RATE	BALANCE		BALANCE		Extension Rate %
(A) Principal Balance of Receivables extended during current period (not to exceed 1% of Original Pool Balance)		610,658.57		144,203,755.59		0.42	%
L. LOCKBOX TEST			AMOUNT		NUMBER
(A) Total Payments to Lockbox (Current Month)				4,750,228.33		8,840
(B) Total Payments (Current Month)				8,896,154.89		9,913
(C) Lockbox Payment Percentage						89.18	%
M. FINANCIAL COVENANTS
(A) Monthly BVAC capital (at least $50MM)						50,000
(B) Monthly BVAC cash and working capital borrowing capacity (at least $5MM)						16,699
(C) Monthly BVAC net worth (at least $20MM)						62,551
N. WAC-Weighted Average Coupon						10.3620	%
O. WAM-Weighted Average Maturity						47.28


/s/ Angelica Velisano	APPROVED BY:	/s/ Lisa Staab

Prepared by: Angelica Velisano		Lisa Staab
Senior Accounting Analyst		VP, Controller
Bay View Securitization Corp		Bay View Acceptance Corp

BAY VIEW SECURITIZATION CORP 8-K