Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 Distribution

External Parties

Table of Contents

Page

Servicer(s)

1. Certificate Payment Report

Barclays Capital Real Estate Inc. d/b/a HomEq Servicing

2. Collection Account Report

3. Credit Enhancement Report

4. Collateral Report

Underwriter(s)

5. Delinquency Report

Barclays Capital Inc.

6. REO Report

7. Foreclosure Report

Swap Counterparty

8. Prepayment Report

Barclays Bank PLC

9. Prepayment Detail Report

10. Realized Loss Report

Cap Provider

11. Realized Loss Detail Report

Barclays Bank PLC

12. Triggers and Adj. Cert. Report

13. Additional Certificate Report

14. Other Related Information

Total Number of Pages

Dates

Contacts

Cut-Off Date:

January 01, 2007

Amy Stoddard

Close Date:

January 30, 2007

Administrator

First Distribution Date:

February 26, 2007

(714) 247-6255

Amy.Stoddard@db.com

Address:

Distribution Date:

April 25, 2007

1761 East St. Andrew Place, Santa Ana, CA 92705

Record Date:

March 30, 2007

Factor Information:

(800) 735-7777

April 24, 2007

Main Phone Number:

(714) 247-6000

Determination Date:

April 13, 2007

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

Page 1 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Certificate Payment Report
Current Period Distribution -
			Prior						Current
			Prior

	Class	Original	Principal			Total	Realized	Deferred	Principal

Class	Type	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	298,921,000.00	287,388,856.66	1,305,224.39	5,828,107.67	7,133,332.06	0.00	0.00	281,560,748.99
A-1	FLT,STEP	298,921,000.00	287,388,856.66	1,305,224.39	5,828,107.67	7,133,332.06	0.00	0.00	281,560,748.99
A-2A	FLT,STEP	188,547,000.00	176,613,420.78	790,345.06	4,318,924.24	5,109,269.30	0.00	0.00	172,294,496.54
A-2B	FLT,STEP	127,231,000.00	127,231,000.00	579,961.31	0.00	579,961.31	0.00	0.00	127,231,000.00
A-2C	FLT,STEP	18,060,000.00	18,060,000.00	83,226.50	0.00	83,226.50	0.00	0.00	18,060,000.00
M-1	MEZ,STEP,FL	47,075,000.00	47,075,000.00	218,114.17	0.00	218,114.17	0.00	0.00	47,075,000.00
M-2	MEZ,STEP,FL	41,986,000.00	41,986,000.00	195,584.78	0.00	195,584.78	0.00	0.00	41,986,000.00
M-3	MEZ,STEP,FL	15,268,000.00	15,268,000.00	71,505.13	0.00	71,505.13	0.00	0.00	15,268,000.00
M-4	MEZ,STEP,FL	20,357,000.00	20,357,000.00	96,695.75	0.00	96,695.75	0.00	0.00	20,357,000.00
M-5	MEZ,STEP,FL	15,267,000.00	15,267,000.00	72,645.48	0.00	72,645.48	0.00	0.00	15,267,000.00
M-6	MEZ,STEP,FL	11,875,000.00	11,875,000.00	57,098.96	0.00	57,098.96	0.00	0.00	11,875,000.00
B-1	MEZ,STEP,FL	13,571,000.00	13,571,000.00	71,473.93	0.00	71,473.93	0.00	0.00	13,571,000.00
B-2	MEZ,STEP,FL	7,634,000.00	7,634,000.00	43,386.57	0.00	43,386.57	0.00	0.00	7,634,000.00
B-3	MEZ,STEP,FL	11,027,000.00	11,027,000.00	69,561.99	0.00	69,561.99	0.00	0.00	11,027,000.00
X	31,384,063.09	31,383,513.33	1,757,909.42	0.00	1,757,909.42	0.00	0.00	31,383,513.33
P	0.00	0.00	107,816.96	0.00	107,816.96	0.00	0.00	0.00
R-I	0.00	0.00	29,626.07	0.00	29,626.07	0.00	0.00	0.00
R-II	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		848,203,063.09	824,736,790.77	5,550,176.47	10,147,031.91	15,697,208.38	0.00	0.00	814,589,758.86
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face Value
					Orig. Principal	Prior				Current
					Orig. Principal	Prior				Current
	Period	Period			(with Notional)	Principal			Total	Principal
Class	Starting	Ending	Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
			Method
					(1)	(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	03/26/07	04/24/07	A-Act/360	81378AAA9	298,921,000.00	961.420766	4.366453	19.497150	23.863603	941.923615
A-1	03/26/07	04/24/07	A-Act/360	81378AAA9	298,921,000.00	961.420766	4.366453	19.497150	23.863603	941.923615
A-2A	03/26/07	04/24/07	A-Act/360	81378AAB7	188,547,000.00	936.707669	4.191767	22.906354	27.098120	913.801315
A-2B	03/26/07	04/24/07	A-Act/360	81378AAC5	127,231,000.00	1,000.000000	4.558333	0.000000	4.558333	1,000.000000
A-2C	03/26/07	04/24/07	A-Act/360	81378AAD3	18,060,000.00	1,000.000000	4.608333	0.000000	4.608333	1,000.000000
M-1	03/26/07	04/24/07	A-Act/360	81378AAE1	47,075,000.00	1,000.000000	4.633333	0.000000	4.633333	1,000.000000
M-2	03/26/07	04/24/07	A-Act/360	81378AAF8	41,986,000.00	1,000.000000	4.658333	0.000000	4.658333	1,000.000000
M-3	03/26/07	04/24/07	A-Act/360	81378AAG6	15,268,000.00	1,000.000000	4.683333	0.000000	4.683333	1,000.000000
M-4	03/26/07	04/24/07	A-Act/360	81378AAH4	20,357,000.00	1,000.000000	4.750000	0.000000	4.750000	1,000.000000
M-5	03/26/07	04/24/07	A-Act/360	81378AAJ0	15,267,000.00	1,000.000000	4.758334	0.000000	4.758334	1,000.000000
M-6	03/26/07	04/24/07	A-Act/360	81378AAK7	11,875,000.00	1,000.000000	4.808333	0.000000	4.808333	1,000.000000
B-1	03/26/07	04/24/07	A-Act/360	81378AAL5	13,571,000.00	1,000.000000	5.266666	0.000000	5.266666	1,000.000000
B-2	03/26/07	04/24/07	A-Act/360	81378AAM3	7,634,000.00	1,000.000000	5.683334	0.000000	5.683334	1,000.000000
B-3	03/26/07	04/24/07	A-Act/360	81378AAN1	11,027,000.00	1,000.000000	6.308333	0.000000	6.308333	1,000.000000
X	03/26/07	04/24/07	F-Act/360	BC07C100X	848,203,063.09	37.000000	2.072510	0.000000	2.072510	37.000000
P		BC07C100P	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-I		BC07C1001	0.00	0.000000	0.000000	0.000000	0.000000	0.000000
R-II		BC07C1002	0.00	0.000000	0.000000	0.000000	0.000000	0.000000



Page 2 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution


Distribution to Date -
									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	298,921,000.00	3,774,026.25	16,844,337.86	515,913.15	17,360,251.01	21,134,277.26	0.00	0.00	281,560,748.99
A-2A	188,547,000.00	2,298,693.69	15,817,618.03	434,885.43	16,252,503.46	18,551,197.15	0.00	0.00	172,294,496.54
A-2B	127,231,000.00	1,643,223.71	0.00	0.00	0.00	1,643,223.71	0.00	0.00	127,231,000.00
A-2C	18,060,000.00	235,808.42	0.00	0.00	0.00	235,808.42	0.00	0.00	18,060,000.00
M-1	47,075,000.00	617,990.14	0.00	0.00	0.00	617,990.14	0.00	0.00	47,075,000.00
M-2	41,986,000.00	554,156.89	0.00	0.00	0.00	554,156.89	0.00	0.00	41,986,000.00
M-3	15,268,000.00	202,597.87	0.00	0.00	0.00	202,597.87	0.00	0.00	15,268,000.00
M-4	20,357,000.00	273,971.30	0.00	0.00	0.00	273,971.30	0.00	0.00	20,357,000.00
M-5	15,267,000.00	205,828.85	0.00	0.00	0.00	205,828.85	0.00	0.00	15,267,000.00
M-6	11,875,000.00	161,780.38	0.00	0.00	0.00	161,780.38	0.00	0.00	11,875,000.00
B-1	13,571,000.00	202,509.47	0.00	0.00	0.00	202,509.47	0.00	0.00	13,571,000.00
B-2	7,634,000.00	122,928.61	0.00	0.00	0.00	122,928.61	0.00	0.00	7,634,000.00
B-3	11,027,000.00	197,092.31	0.00	0.00	0.00	197,092.31	0.00	0.00	11,027,000.00
X	31,384,063.09	5,991,220.76	537.24	12.52	549.76	5,991,770.52	0.00	0.00	31,383,513.33
P	0.00	313,511.86	0.00	0.00	0.00	313,511.86	0.00	0.00	0.00
R-I	0.00	43,724.52	0.00	0.00	0.00	43,724.52	0.00	0.00	0.00
R-II	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00


Total	848,203,063.09	16,839,065.03	32,662,493.13	950,811.10	33,613,304.23	50,452,369.26	0.00	0.00	814,589,758.86


Interest Detail -
	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	5.45000%	287,388,856.66	1,305,224.39	0.00	0.00	0.00	1,305,224.39	1,305,224.39	0.00
A-2A	5.37000%	176,613,420.78	790,345.06	0.00	0.00	0.00	790,345.06	790,345.06	0.00
A-2B	5.47000%	127,231,000.00	579,961.31	0.00	0.00	0.00	579,961.31	579,961.31	0.00
A-2C	5.53000%	18,060,000.00	83,226.50	0.00	0.00	0.00	83,226.50	83,226.50	0.00
M-1	5.56000%	47,075,000.00	218,114.17	0.00	0.00	0.00	218,114.17	218,114.17	0.00
M-2	5.59000%	41,986,000.00	195,584.78	0.00	0.00	0.00	195,584.78	195,584.78	0.00
M-3	5.62000%	15,268,000.00	71,505.13	0.00	0.00	0.00	71,505.13	71,505.13	0.00
M-4	5.70000%	20,357,000.00	96,695.75	0.00	0.00	0.00	96,695.75	96,695.75	0.00
M-5	5.71000%	15,267,000.00	72,645.48	0.00	0.00	0.00	72,645.48	72,645.48	0.00
M-6	5.77000%	11,875,000.00	57,098.96	0.00	0.00	0.00	57,098.96	57,098.96	0.00
B-1	6.32000%	13,571,000.00	71,473.93	0.00	0.00	0.00	71,473.93	71,473.93	0.00
B-2	6.82000%	7,634,000.00	43,386.57	0.00	0.00	0.00	43,386.57	43,386.57	0.00
B-3	7.57000%	11,027,000.00	69,561.99	0.00	0.00	0.00	69,561.99	69,561.99	0.00
X	67.21654%	31,383,513.33	0.00	0.00	0.00	0.00	0.00	1,757,909.42	0.00
P	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	107,816.96	0.00
R-I	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	29,626.07	0.00
R-II	0.00000%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Total		824,736,790.77	3,654,824.02	0.00	0.00	0.00	3,654,824.02	5,550,176.47	0.00



Page 3 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Collection Account Report
SUMMARY

	Group 2	Group 1	Total
Principal Collections	4,318,924.24	5,828,107.67	10,147,031.91
Principal Withdrawals	0.00	0.00	0.00
Principal Other Accounts		0.00	0.00
TOTAL NET PRINCIPAL	4,318,924.24	5,828,107.67	10,147,031.91
Interest Collections	2,838,526.50	2,607,533.92	5,446,060.42
Interest Withdrawals	-29.93	-29.93	-29.93
Interest Fees	-21,858.91	-21,990.41	-45,223.87
Interest Other Accounts	37,911.54	69,905.42	149,369.86
TOTAL NET INTEREST	2,854,549.20	2,655,419.00	5,550,176.47
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION	7,173,473.44	8,483,526.67	15,697,208.38




PRINCIPAL - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Principal Received	156,615.94	159,185.51	315,801.45
Curtailments	43,865.03	50,720.63	94,585.66
Prepayments In Full	4,118,443.27	5,618,201.53	9,736,644.80
Repurchased/Substitutions	0.00	0.00	0.00
Liquidations	0.00	0.00	0.00
Insurance Principal	0.00	0.00	0.00
Other Additional Principal	0.00	0.00	0.00
Delinquent Principal	-139,102.02	-137,063.59	-276,165.61
Realized Losses	-0.00	-0.00	-0.00
Advanced Principal	139,102.02	137,063.59	276,165.61
TOTAL PRINCIPAL COLLECTED	4,318,924.24	5,828,107.67	10,147,031.91




PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK




PRINCIPAL - OTHER ACCOUNTS

	Group 2	Group 1	Total
TOTAL PRINCIPAL OTHER ACCOUNTS		0.00	0.00






Page 4 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution


INTEREST - COLLECTIONS

	Group 2	Group 1	Total
Scheduled Interest	3,016,305.50	2,751,041.85	5,767,347.35
Repurchased/Substitution Interest	0.00	0.00	0.00
Liquidation Interest	0.00	0.00	0.00
Insurance Interest	0.00	0.00	0.00
Other Additional Interest	0.00	0.00	0.00
Prepayment Interest Shortfalls	-3,576.96	-4,148.63	-7,725.59
Delinquent Interest	-2,663,809.74	-2,391,367.04	-5,055,176.78
Compensating Interest	3,576.96	4,148.63	7,725.59
Civil Relief Act Shortfalls	-0.00	-0.00	-0.00
Interest Realized Loss	-0.00	-29.93	-29.93
Interest Advanced	2,486,030.74	2,247,859.11	4,733,889.85
TOTAL INTEREST COLLECTED	2,838,526.50	2,607,533.92	5,446,060.42




INTEREST - WITHDRAWALS

	Group 2	Group 1	Total
Non Recoverable Advances	0.00	0.00	0.00
Extraordinary Trust Fund Expenses	0.00	0.00	0.00
TOTAL INTEREST WITHDRAWALS	29.93	29.93	29.93




INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
	Group 2	Group 1	Total
Prepayment Charges	37,911.54	69,905.42	107,816.96
Net Swap			11,926.83

. a) Swap Payment			3,417,842.88
. b) Swap Receipt			3,429,769.71
. c) Swap Termination Payment			0.00
. d) Defaulted Swap Termination Payment			0.00

Cap Payment			0.00
Float Earnings			29,626.07
TOTAL INTEREST OTHER ACCOUNTS	37,911.54	69,905.42	149,369.86



INTEREST FEES
INTEREST FEES
	Group 2	Group 1	Total
Current Servicing Fees	21,858.91	21,990.41	43,849.31
Trustee/Custodian Fees	0.00	0.00	1,374.56
TOTAL INTEREST FEES	21,858.91	21,990.41	45,223.87



Page 5 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 Distribution

Credit Enhancement Report

ACCOUNTS

Excess Reserve Fund

Beginning Balance

0.00

Amount Deposited

0.00

Amount Withdrawn

0.00

Ending Balance

0.00

Supplemental Float Trust

Beginning Balance

6,000.00

Amount Deposited

29,626.07

Amount Withdrawn

29,626.07

Ending Balance

6,000.00

Supplemental Interest Trust

Beginning Balance

0.00

Amount Deposited

11,926.83

Amount Withdrawn

11,926.83

Net SWAP Amount

11,926.83

Ending Balance

0.00

INSURANCE

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

Group 2

Group 1

Total

Overcollateralized Amount - Prior Period

31,383,513.33

Current Period Principal Realized Losses

0.00

Overcollateralized Amount - After Current Losses

31,383,513.33

Extra Principal Distribution Amount

0.00

Overcollateralization Reduction Amount

0.00

Overcollateralized Amount - Ending

31,383,513.33

Overcollateralization Deficiency Amount

0.00

Overcollateralization Excess Amount

0.00

Specified Overcollateralization Amount

31,383,513.33

Net Monthly Excess Cashflow

1,757,909.42

Net Monthly Excess Cashflow Allocated to :

0.00

. a) Unpaid Interest Amounts

0.00

. b) Applied Realized Loss Amounts

29.93

. c) Basis Risk Carryforward Amounts

0.00

Page 6 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Collateral Report


COLLATERAL




		Group 2	Group 1	Total



Loan Count:


Original	2,086	2,452	4,538
Prior	2,041	2,397	4,438
Prefunding	0	0	0
Scheduled Paid Offs	-0	-0	-0
Full Voluntary Prepayments	-12	-32	-44
Repurchases	-0	-0	-0
Liquidations	-0	-0	-0
Current	2,029	2,365	4,394
Principal Balance:


Original	447,504,583.26	400,698,479.83	848,203,063.09
Prior	435,570,641.14	389,166,149.63	824,736,790.77
Prefunding	0.00	0.00	0.00
Scheduled Principal	-156,615.94	-159,185.51	-315,801.45
Partial Prepayments	-43,865.03	-50,720.63	-94,585.66
Full Voluntary Prepayments	-4,118,443.27	-5,618,201.53	-9,736,644.80
Repurchases	-0.00	-0.00	-0.00
Liquidations	-0.00	-0.00	-0.00
Current	431,251,716.90	383,338,041.96	814,589,758.86





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution


CHARACTERISTICS
CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Coupon Original	8.31705%	8.48705%	8.39736%
Weighted Average Coupon Prior	8.31581%	8.48251%	8.39493%
Weighted Average Coupon Current	8.30994%	8.48288%	8.39155%
Weighted Average Months to Maturity Original	354	354	354
Weighted Average Months to Maturity Prior	353	352	353
Weighted Average Months to Maturity Current	352	351	352
Weighted Avg Remaining Amortization Term Original	405	412	408
Weighted Avg Remaining Amortization Term Prior	404	411	407
Weighted Avg Remaining Amortization Term Current	403	409	406
Weighted Average Seasoning Original	4.39	4.40	4.39
Weighted Average Seasoning Prior	5.39	5.40	5.39
Weighted Average Seasoning Current	6.38	6.40	6.39

Page 8 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution


ARM CHARACTERISTICS
ARM CHARACTERISTICS

	Group 2	Group 1	Total
Weighted Average Margin Original	6.14947%	6.23444%	6.19131%
Weighted Average Margin Prior	6.15041%	6.23474%	6.19216%
Weighted Average Margin Current	6.14988%	6.23320%	6.19083%
Weighted Average Max Rate Original	14.98333%	15.48632%	15.23101%
Weighted Average Max Rate Prior	14.98136%	15.47822%	15.22738%
Weighted Average Max Rate Current	14.97516%	15.47791%	15.22227%
Weighted Average Min Rate Original	7.98519%	8.49199%	8.23475%
Weighted Average Min Rate Prior	7.98327%	8.48396%	8.23119%
Weighted Average Min Rate Current	7.97708%	8.48377%	8.22612%
Weighted Average Cap Up Original	1.49907%	1.49724%	1.49817%
Weighted Average Cap Up Prior	1.49905%	1.49721%	1.49814%
Weighted Average Cap Up Current	1.49904%	1.49715%	1.49811%
Weighted Average Cap Down Original	1.49907%	1.49724%	1.49817%
Weighted Average Cap Down Prior	1.49905%	1.49721%	1.49814%
Weighted Average Cap Down Current	1.49904%	1.49715%	1.49811%




SERVICING FEES & ADVANCES
SERVICING FEES & ADVANCES

	Group 2	Group 1	Total




Current Servicing Fees	21,858.91	21,990.41	43,849.31
Delinquent Servicing Fees	158,795.08	140,000.38	298,795.46
TOTAL SERVICING FEES	180,653.99	161,990.79	342,644.78


Total Servicing Fees	180,653.99	161,990.79	342,644.78
Compensating Interest	-3,576.96	-4,148.63	-7,725.59
Delinquent Servicing Fees	-158,795.08	-140,000.38	-298,795.46
COLLECTED SERVICING FEES	18,281.94	17,841.78	36,123.72


Total Advanced Interest	2,486,030.74	2,247,859.11	4,733,889.85
Total Advanced Principal	139,102.02	137,063.59	276,165.61
Aggregate P&I Advances with respect to this Distribution	2,625,132.76	2,384,922.70	5,010,055.46
Non Recoverable Advance	0.00	0.00	0.00





ADDITIONAL COLLATERAL INFORMATION
ADDITIONAL COLLATERAL INFORMATION
	Group 2	Group 1	Total
Prepayment Interest Shortfall (PPIS)	3,576.96	4,148.63	7,725.59
Compensating Interest	(3,576.96)	(4,148.63)	(7,725.59)
Net Prepayment Interest Shortfall (PPIS)	0.00	0.00	0.00


Pool Factor			0.9603710000%
Subsequent Recoveries			0.00





Page 9 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Delinquency Report


TOTAL	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	TOTAL
	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		25,699,833.63	20,201,593.01	17,345,874.94	2,143,844.55	65,391,146.13
		3.15%	2.48%	2.13%	0.26%	8.03%
		120	89	72	11	292
		2.73%	2.03%	1.64%	0.25%	6.65%
FORECLOSURE Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY Balance % Balance # Loans % # Loans
	669,298.37	0.00	331,725.55	490,346.75	0.00	1,491,370.67
	0.08%	0.00%	0.04%	0.06%	0.00%	0.18%
	4	0	3	3	0	10
	0.09%	0.00%	0.07%	0.07%	0.00%	0.23%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL Balance % Balance # Loans % # Loans
	669,298.37	25,699,833.63	20,533,318.56	17,836,221.69	2,143,844.55	66,882,516.80
	0.08%	3.15%	2.52%	2.19%	0.26%	8.21%
	4	120	92	75	11	302
	0.09%	2.73%	2.09%	1.71%	0.25%	6.87%

Page 10 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution



GROUP 1	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	TOTAL
	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		7,786,186.21	7,611,197.55	4,275,894.79	433,664.38	20,106,942.93
		2.03%	1.99%	1.12%	0.11%	5.25%
		53	45	21	3	122
		2.24%	1.90%	0.89%	0.13%	5.16%
FORECLOSURE Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY Balance % Balance # Loans % # Loans
	669,298.37	0.00	331,725.55	490,346.75	0.00	1,491,370.67
	0.17%	0.00%	0.09%	0.13%	0.00%	0.39%
	4	0	3	3	0	10
	0.17%	0.00%	0.13%	0.13%	0.00%	0.42%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL Balance % Balance # Loans % # Loans
	669,298.37	7,786,186.21	7,942,923.10	4,766,241.54	433,664.38	21,598,313.60
	0.17%	2.03%	2.07%	1.24%	0.11%	5.63%
	4	53	48	24	3	132
	0.17%	2.24%	2.03%	1.01%	0.13%	5.58%

Page 11 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution



GROUP 2	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	TOTAL
	<31 Days	31-60 Days	61-90 Days	91-120 Days	121-150 Days	TOTAL
DELINQUENT Balance % Balance # Loans % # Loans
		17,913,647.42	12,590,395.46	13,069,980.15	1,710,180.17	45,284,203.20
		4.15%	2.92%	3.03%	0.40%	10.50%
		67	44	51	8	170
		3.30%	2.17%	2.51%	0.39%	8.38%
FORECLOSURE Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
REO Balance % Balance # Loans % # Loans
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0	0	0	0	0	0
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL Balance % Balance # Loans % # Loans
	0.00	17,913,647.42	12,590,395.46	13,069,980.15	1,710,180.17	45,284,203.20
	0.00%	4.15%	2.92%	3.03%	0.40%	10.50%
	0	67	44	51	8	170
	0.00%	3.30%	2.17%	2.51%	0.39%	8.38%

Page 12 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 Distribution

REO Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 13 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 Distribution

Foreclosure Report

Loan Number

Original

Stated

Current

State &

First

Principal

Paid to

Note

LTV at

Original

Payment

Loan Group

Balance

Date

Rate

Origination

Term

Date

Page 14 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Prepayment Report

VOLUNTARY PREPAYMENTS



		Group 2	Group 1	Total


Current


Number of Paid in Full Loans	12	32	44
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	12	32	44
Curtailments Amount	43,865.03	50,720.63	94,585.66
Paid in Full Balance	4,118,443.27	5,618,201.53	9,736,644.80
Repurchased Loans Balance	0.00	0.00	0.00
Total Prepayment Amount	4,162,308.30	5,668,922.16	9,831,230.46
Cumulative


Number of Paid in Full Loans	57	87	144
Number of Repurchased Loans	0	0	0
Total Number of Loans Prepaid in Full	57	87	144
Paid in Full Balance	15,676,825.27	16,761,273.19	32,438,098.46
Repurchased Loans Balance	0.00	0.00	0.00
Curtailments Amount	104,785.18	119,609.49	224,394.67
Total Prepayment Amount	15,781,610.45	16,880,882.68	32,662,493.13

Page 15 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution


VOLUNTARY PREPAYMENTS RATES



		Group 2	Group 1	Total





SMM	0.96%	1.46%	1.19%
3 Months Avg SMM	1.19%	1.43%	1.30%
12 Months Avg SMM	1.19%	1.43%	1.30%
Avg SMM Since Cut-off	1.19%	1.43%	1.30%



CPR	10.89%	16.15%	13.41%
3 Months Avg CPR	13.39%	15.83%	14.55%
12 Months Avg CPR	13.39%	15.83%	14.55%
Avg CPR Since Cut-off	13.39%	15.83%	14.55%



PSA	852.62%	1,262.19%	1,048.97%
3 Months Avg PSA Approximation	1,242.64%	1,466.15%	1,348.95%
12 Months Avg PSA Approximation	1,242.64%	1,466.15%	1,348.95%
Avg PSA Since Cut-off Approximation	1,242.64%	1,466.15%	1,348.95%

Page 16 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 Distribution

PREPAYMENT CALCULATION METHODOLOGY

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

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))

Average SMM over period between nth month and mth month (AvgSMMn,m): 1 - [(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 and repurchases.

Dates correspond to distribution dates.

Page 17 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Prepayment Detail Report

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution


Loan Number		Original			Current	State &	Type Prepayment	First


&	Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Payment

Loan Group	Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

1007520220 1		221,200.00	220,828.44	23-Mar-2007	9.925%	MD - 80.00%	Paid Off - 360	01-Jun-2006
1007520220 1		221,200.00	220,828.44	23-Mar-2007	9.925%	MD - 80.00%	Paid Off - 360	01-Jun-2006
1008657973 1		148,720.00	148,231.87	29-Mar-2007	8.175%	NJ - 80.00%	Paid Off - 360	01-Nov-2006
1008658516 1		37,180.00	37,108.74	29-Mar-2007	10.750%	NJ - 20.00%	Paid Off - 360	01-Nov-2006
1008905447 2		311,200.00	310,844.41	02-Apr-2007	9.450%	OR - 80.00%	Paid Off - 360	01-Oct-2006
1009029598 1		205,120.00	204,076.44	30-Mar-2007	7.700%	MA - 80.00%	Paid Off - 360	01-Sep-2006
1009143848 1		405,000.00	405,000.00	06-Apr-2007	9.700%	NJ - 90.00%	Paid Off - 360	01-Nov-2006
1009153818 1		39,000.00	38,890.84	02-Apr-2007	11.800%	UT - 20.00%	Paid Off - 360	01-Sep-2006
1009238746 2		425,000.00	422,689.41	20-Mar-2007	9.100%	MD - 86.73%	Paid Off - 360	01-Sep-2006
1009283134 1		225,000.00	224,474.45	04-Apr-2007	6.975%	CA - 58.44%	Paid Off - 360	01-Oct-2006
1009364449 1		108,680.00	108,379.19	16-Mar-2007	9.900%	NJ - 95.00%	Paid Off - 360	01-Oct-2006
1009428112 1		66,150.00	65,942.39	10-Apr-2007	9.300%	IN - 90.00%	Paid Off - 360	01-Oct-2006
1009438290 1		176,000.00	175,695.77	05-Apr-2007	8.038%	FL - 73.33%	Paid Off - 360	01-Oct-2006
1009457991 2		580,000.00	578,486.44	19-Mar-2007	6.575%	IL - 80.00%	Paid Off - 360	01-Oct-2006
1009494059 1		295,000.00	292,055.13	27-Mar-2007	8.100%	CA - 78.25%	Paid Off - 360	01-Nov-2006
1009557543 1		115,000.00	114,936.08	04-Apr-2007	11.225%	MD - 51.11%	Paid Off - 360	01-Nov-2006
1009607552 1		130,500.00	130,323.94	12-Apr-2007	8.899%	MD - 65.25%	Paid Off - 360	01-Oct-2006
1009607776 1		261,250.00	260,656.18	02-Apr-2007	9.950%	CO - 95.00%	Paid Off - 360	01-Nov-2006
1009638966 1		253,500.00	252,556.91	20-Mar-2007	7.550%	MD - 65.00%	Paid Off - 360	01-Nov-2006
1009678351 2		92,801.00	92,517.32	05-Apr-2007	8.525%	FL - 49.63%	Paid Off - 360	01-Nov-2006
1009694805 1		138,750.00	138,589.20	13-Apr-2007	8.800%	VA - 75.00%	Paid Off - 360	01-Nov-2006
1009699249 1		115,000.00	114,893.27	19-Mar-2007	8.650%	SC - 79.31%	Paid Off - 360	01-Oct-2006
1009733032 2		285,000.00	284,622.25	02-Apr-2007	8.950%	FL - 95.00%	Paid Off - 360	01-Oct-2006
1009747919 1		138,466.00	138,108.97	06-Apr-2007	9.350%	NC - 94.84%	Paid Off - 360	01-Nov-2006
1009773015 2		367,500.00	367,500.00	03-Apr-2007	7.425%	NY - 75.00%	Paid Off - 360	01-Nov-2006
1009807845 1		108,000.00	107,864.34	27-Mar-2007	8.500%	MN - 90.00%	Paid Off - 360	01-Nov-2006
1009809549 1		225,000.00	224,606.94	28-Mar-2007	7.350%	CA - 75.00%	Paid Off - 360	01-Nov-2006
1009826156 2		432,000.00	430,645.47	05-Apr-2007	8.400%	IL - 89.81%	Paid Off - 360	01-Nov-2006
1009844010 2		300,000.00	299,999.99	10-Apr-2007	8.575%	MD - 82.19%	Paid Off - 360	01-Nov-2006
1009845705 1		74,700.00	74,544.86	29-Mar-2007	10.375%	OH - 90.00%	Paid Off - 360	01-Nov-2006
1009859806 2		114,100.00	113,578.64	03-Apr-2007	6.500%	FL - 70.00%	Paid Off - 360	01-Nov-2006
1009868379 1		175,000.00	174,517.32	16-Mar-2007	9.025%	FL - 34.58%	Paid Off - 360	01-Nov-2006
1009876011 1		276,300.00	276,299.88	27-Mar-2007	8.525%	NV - 90.00%	Paid Off - 360	01-Nov-2006
1009882460 1		152,750.00	152,421.09	05-Apr-2007	6.600%	AZ - 67.00%	Paid Off - 360	01-Nov-2006
1009886723 1		233,750.00	233,516.62	11-Apr-2007	9.900%	AZ - 84.94%	Paid Off - 360	01-Oct-2006
1009890255 1		260,000.00	259,711.33	29-Mar-2007	8.920%	CA - 52.00%	Paid Off - 360	01-Nov-2006
1009897560 1		123,200.00	122,941.93	21-Mar-2007	6.700%	FL - 35.20%	Paid Off - 360	01-Nov-2006
1009910279 1		251,250.00	251,249.98	27-Mar-2007	8.650%	NH - 75.00%	Paid Off - 360	01-Nov-2006
1009949032 1		85,000.00	84,934.20	05-Apr-2007	10.125%	NJ - 14.05%	Paid Off - 360	01-Nov-2006
1009949087 1		363,000.00	362,480.89	10-Apr-2007	8.200%	MD - 82.50%	Paid Off - 360	01-Nov-2006
1009953482 1		172,000.00	171,227.64	26-Mar-2007	7.700%	CA - 63.00%	Paid Off - 360	01-Oct-2006


Page 18 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution

Loan Number

Original

Current

State &

Type Prepayment

First

Loan

Principal

Prepayment

Note

LTV at

Payment

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

1009954114 1

51,300.00

51,136.70

16-Mar-2007

8.500%

MO - 90.00%

Paid Off - 360

01-Nov-2006

1009959645 2

489,700.00

488,482.79

13-Apr-2007

9.525%

VA - 83.00%

Paid Off - 360

01-Nov-2006

1010203745 2

379,353.00

377,701.43

21-Mar-2007

6.750%

CA - 54.19%

Paid Off - 360

01-Nov-2006

1010264377 2

351,920.00

351,375.12

22-Mar-2007

7.775%

VA - 80.00%

Paid Off - 360

01-Nov-2006

TOTAL

9,759,340.00

9,736,644.80

Page 19 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Realized Loss Report

COLLATERAL REALIZED LOSSES



		Group 2	Group 1	Total


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	29.93	29.93
Net Liquidation Proceeds		0.00	(29.93)	(29.93)

Cumulative
Cumulative



Number of Loans Liquidated		0	0	0
Collateral Realized Loss/(Gain) Amount		0.00	29.93	29.93
Net Liquidation Proceeds		0.00	0.00	0.00






	Current Applied Realized Loss X				0.00
	Current Applied Realized Loss B-3				0.00
	Current Applied Realized Loss B-2				0.00
	Current Applied Realized Loss B-1				0.00
	Current Applied Realized Loss M-5				0.00
	Current Applied Realized Loss M-4				0.00
	Current Applied Realized Loss M-3				0.00
	Current Applied Realized Loss M-2				0.00
	Current Applied Realized Loss M-1				0.00

Page 20 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 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 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 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)*0.0002,MAX(0.0003,MIN(30,WAS)*0.0002-0.0095*(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)*0.0002,MAX(0.0003,MIN(30,Avg WASn,m)*0.0002-0.0095*(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 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 Distribution

Realized Loss Detail Report

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revision

Loss/(Gain)

1009716319 2

CA - 80.00%

360

Revision

29.92

1009977518 2

WA - 20.00%

360

Revision

0.01

TOTAL

29.93

Page 23 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1

Asset Backed Certificates

April 25, 2007 Distribution

Triggers and Adj. Cert. Report

TRIGGER EVENTS

Group 2

Group 1

Total

Stepdown Date has occurred

Credit Enhancement Percentage (For Stepdown Date)

26.4481%

Trigger Event in effect

Delinquency %

5.0556%

60+ Day Deliquent Mortgage Loan Balance

41,182,683.17

Prior Pool Balance

824,736,790.77

Senior Specified Enhancement %

50.8000%

Cumulative Realized Loss

29.93

Cutoff Pool Balance

848,203,063.09

Realized Loss Percentage

0.0000%

Servicer Event of Default?

ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

Group 2

Group 1

Total

Current LIBOR Rate

5.320000%

Current LIBOR Determination Date

03/22/2007

Next LIBOR Rate

5.320000%

Next LIBOR Determination Date

04/23/2007

Current Swap LIBOR Rate

5.320000%

Page 24 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

		Total Carryover Unpaid	Carryover Paid	Total Carryover	Int Earnings	Prior Unpaid Carryover	Next Pass Through Rate


CLASS
	A-1	$0.00	$0.00	$0.00	$0.00	$0.00	5.45000%
	A-2A	$0.00	$0.00	$0.00	$0.00	$0.00	5.37000%
	A-2B	$0.00	$0.00	$0.00	$0.00	$0.00	5.47000%
	A-2C	$0.00	$0.00	$0.00	$0.00	$0.00	5.53000%
	M-1	$0.00	$0.00	$0.00	$0.00	$0.00	5.56000%
	M-2	$0.00	$0.00	$0.00	$0.00	$0.00	5.59000%
	M-3	$0.00	$0.00	$0.00	$0.00	$0.00	5.62000%
	M-4	$0.00	$0.00	$0.00	$0.00	$0.00	5.70000%
	M-5	$0.00	$0.00	$0.00	$0.00	$0.00	5.71000%
	M-6	$0.00	$0.00	$0.00	$0.00	$0.00	5.77000%
	B-1	$0.00	$0.00	$0.00	$0.00	$0.00	6.32000%
	B-2	$0.00	$0.00	$0.00	$0.00	$0.00	6.82000%
	B-3	$0.00	$0.00	$0.00	$0.00	$0.00	7.57000%
	X	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%
	P	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%
	R-I	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%
	R-II	$0.00	$0.00	$0.00	$0.00	$0.00	0.00000%




Page 25 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1



Asset Backed Certificates
Asset Backed Certificates
April 25, 2007 Distribution

Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
	Group 2	Group 1	Total
Scheduled Payments for all Mortgage Loans	3,172,921.43	2,910,227.36	6,083,148.79
Current Scheduled Payments 1 Month Prior	3,194,444.98	2,958,498.01	6,152,942.99
Current Scheduled Payments 2 Month Prior	3,259,011.72	2,994,698.85	6,253,710.58
Current Scheduled Payments 3 Month Prior	0.00	0.00	0.00
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			314,726.73
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior			191,431.53
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior			21,750.31
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior			0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior			0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior			0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior			0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior			0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior			0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior			0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior			0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior			0.00





Page 26 of 26

Securitized Asset Backed Receivables LLC Trust 2007-NC1 10-D