8-K 1 sab04do1_nov.txt NOVEMBER 8K 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): November 26, 2004 SECURITIZED ASSET BACKED RECEVABLES TRUST Mortgage Pass-Through Certificates, Series 2004-DO1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108395-04 54-2157868 Pooling and Servicing Agreement) (Commission 54-6636454 (State or other File Number) 54-6636404 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (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 under the Exchange Act (17 CFR 240.14a-12) [ ] 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 On November 26, 2004 a distribution was made to holders of SECURITIZED ASSET BACKED RECEVABLES TRUST, Mortgage Pass-Through Certificates, Series 2004-DO1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-DO1 Trust, relating to the November 26, 2004 distribution. 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. SECURITIZED ASSET BACKED RECEVABLES TRUST Mortgage Pass-Through Certificates, Series 2004-DO1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-DO1 Trust, relating to the November 26, 2004 distribution. EX-99.1

Securitized Asset Backed Receivables Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 SABR Series: 2004-DO1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution R SAB04D01R RES 0.00000% 0.00 0.00 0.00 A-1 81375WAZ9 SEN 12.~~89500~~21250% ~~265~~257,~~771~~615,~~782~~412.2392 ~~461~~506,~~667~~643.7365 36,~~472~~084,~~204~~335.8024 A-2 81375WAS5 SEN 12.~~98500~~30250% 4745,~~614~~464,~~364~~784.6860 8693,~~638~~051.3026 1,~~606~~290,~~658~~909.0381 M-1 81375WAT3 MEZ 2.~~26500~~58250% 22,947,000.00 4752,~~643~~676.7111 0.00 M-2 81375WAU0 MEZ 23.~~91500~~23250% 17,210,000.00 4549,~~986~~450.5507 0.00 M-3 81375WAV8 MEZ 3.~~11500~~43250% 4,781,000.00 1314,~~651~~587.7536 0.00 B-1 81375WAW6 SUB 3.~~61500~~93250% 3,825,000.00 1213,~~675~~370.0950 0.00 B-2 81375WAX4 SUB 34.~~81500~~13250% 3,824,000.00 1314,~~372~~046.8583 0.00 B-3 81375WAY2 SUB 5.~~36500~~68250% 3,825,000.00 1819,~~811~~320.0350 0.00 X SAB04D01X SEN 0.00000% 6,119,241.6261 1,~~317~~198,~~729~~401.0164 0.00 P SAB04D01P SEN 0.00000% 0.0001 ~~108~~168,~~426~~440.0988 0.00 Totals ~~375~~365,~~917~~611,~~388~~439.5314 2,~~126~~129,~~602~~988.1180 57,~~078~~375,~~862~~245.8305

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 A-1 0.00 ~~262~~251,~~299~~531,~~577~~077.4368 36,~~933~~590,~~872~~978.5389 0.00 A-2 0.00 4644,~~007~~173,~~706~~874.6579 1,~~693~~383,~~296~~961.3307 0.00 M-1 0.00 22,947,000.00 4752,~~643~~676.7111 0.00 M-2 0.00 17,210,000.00 4549,~~986~~450.5507 0.00 M-3 0.00 4,781,000.00 1314,~~651~~587.7536 0.00 B-1 0.00 3,825,000.00 1213,~~675~~370.0950 0.00 B-2 0.00 3,824,000.00 1314,~~372~~046.8583 0.00 B-3 0.00 3,825,000.00 1819,~~811~~320.0350 0.00 X 0.00 6,119,241.61 1,~~317~~198,~~729~~401.0164 0.00 P 0.00 0.01 ~~108~~168,~~426~~440.0988 0.00 Totals 0.00 ~~370~~358,~~838~~236,~~525~~194.7009 79,~~205~~505,~~464~~233.9485 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) R 0.00 0.00 0.00 0.00 0.00 0.00 A-1 270,799,000.00 ~~265~~257,~~771~~615,~~782~~412.2392 0.00 36,~~472~~084,~~204~~335.8024 0.00 0.00 A-2 49,122,000.00 4745,~~614~~464,~~364~~784.6860 0.00 1,~~606~~290,~~658~~909.0381 0.00 0.00 M-1 22,947,000.00 22,947,000.00 0.00 0.00 0.00 0.00 M-2 17,210,000.00 17,210,000.00 0.00 0.00 0.00 0.00 M-3 4,781,000.00 4,781,000.00 0.00 0.00 0.00 0.00 B-1 3,825,000.00 3,825,000.00 0.00 0.00 0.00 0.00 B-2 3,824,000.00 3,824,000.00 0.00 0.00 0.00 0.00 B-3 3,825,000.00 3,825,000.00 0.00 0.00 0.00 0.00 X 6,119,693.41 6,119,241.6261 0.00 0.00 0.00 0.00 P 0.00 0.0001 0.00 0.00 0.00 0.00 Totals 382,452,693.41 ~~375~~365,~~917~~611,~~388~~439.5314 0.00 57,~~078~~375,~~862~~245.8305 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution R 0.00 0.00 0.00000000 0.00 A-1 36,~~472~~084,~~204~~335.8024 ~~262~~251,~~299~~531,~~577~~077.4368 0.~~96861354~~92884788 36,~~472~~084,~~204~~335.8024 A-2 1,~~606~~290,~~658~~909.0381 4644,~~007~~173,~~706~~874.6579 0.~~93660084~~89926865 1,~~606~~290,~~658~~909.0381 M-1 0.00 22,947,000.00 1.00000000 0.00 M-2 0.00 17,210,000.00 1.00000000 0.00 M-3 0.00 4,781,000.00 1.00000000 0.00 B-1 0.00 3,825,000.00 1.00000000 0.00 B-2 0.00 3,824,000.00 1.00000000 0.00 B-3 0.00 3,825,000.00 1.00000000 0.00 X 0.00 6,119,241.61 0.99992617 0.00 P 0.00 0.01 0.00000000 0.00 Totals 57,~~078~~375,~~862~~245.8305 ~~370~~358,~~838~~236,~~525~~194.7009 0.~~96963241~~93668106 57,~~078~~375,~~862~~245.8305

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 270,799,000.00 ~~981~~951.~~43561176~~31596838 0.00000000 1222.~~82207394~~46808607 0.00000000 A-2 49,122,000.00 ~~969~~925.~~30834819~~54832051 0.00000000 3226.~~70750438~~27966716 0.00000000 M-1 22,947,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 17,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,781,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 3,825,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,824,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,825,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 6,119,693.41 999.~~92617441~~92617277 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 1222.~~82207394~~46808607 ~~968~~928.~~61353783~~84788230 0.~~96861354~~92884788 1222.~~82207394~~46808607 A-2 0.00000000 3226.~~70750438~~27966716 ~~936~~899.~~60084382~~26865335 0.~~93660084~~89926865 3226.~~70750438~~27966716 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.92617277 0.99992617 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall R 0.00 0.00000% 0.00 0.00 0.00 0.00 A-1 270,799,000.00 12.~~89500~~21250% ~~265~~257,~~771~~615,~~782~~412.2392 ~~461~~506,~~667~~643.7365 0.00 0.00 A-2 49,122,000.00 12.~~98500~~30250% 4745,~~614~~464,~~364~~784.6860 8693,~~638~~051.3026 0.00 0.00 M-1 22,947,000.00 2.~~26500~~58250% 22,947,000.00 4752,~~643~~676.7111 0.00 0.00 M-2 17,210,000.00 23.~~91500~~23250% 17,210,000.00 4549,~~986~~450.5507 0.00 0.00 M-3 4,781,000.00 3.~~11500~~43250% 4,781,000.00 1314,~~651~~587.7536 0.00 0.00 B-1 3,825,000.00 3.~~61500~~93250% 3,825,000.00 1213,~~675~~370.0950 0.00 0.00 B-2 3,824,000.00 34.~~81500~~13250% 3,824,000.00 1314,~~372~~046.8583 0.00 0.00 B-3 3,825,000.00 5.~~36500~~68250% 3,825,000.00 1819,~~811~~320.0350 0.00 0.00 X 6,119,693.41 0.00000% 6,119,241.6261 0.00 0.00 0.00 P 0.00 0.00000% 0.0001 0.00 0.00 0.00 Totals 382,452,693.41 ~~700~~763,~~447~~146.0128 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance R 0.00 0.00 0.00 0.00 0.00 A-1 0.00 0.00 ~~461~~506,~~667~~643.7365 0.00 ~~262~~251,~~299~~531,~~577~~077.4368 A-2 0.00 0.00 8693,~~638~~051.3026 0.00 4644,~~007~~173,~~706~~874.6579 M-1 0.00 0.00 4752,~~643~~676.7111 0.00 22,947,000.00 M-2 0.00 0.00 4549,~~986~~450.5507 0.00 17,210,000.00 M-3 0.00 0.00 1314,~~651~~587.7536 0.00 4,781,000.00 B-1 0.00 0.00 1213,~~675~~370.0950 0.00 3,825,000.00 B-2 0.00 0.00 1314,~~372~~046.8583 0.00 3,824,000.00 B-3 0.00 0.00 1819,~~811~~320.0350 0.00 3,825,000.00 X 0.00 0.00 1,~~317~~198,~~729~~401.0164 0.00 6,119,241.61 P 0.00 0.00 ~~108~~168,~~426~~440.0988 0.00 0.01 Totals 0.00 0.00 2,~~126~~129,~~602~~988.1180 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 270,799,000.00 12.~~89500~~21250% ~~981~~951.~~43561176~~31596838 1.~~70483543~~87092142 0.00000000 0.00000000 A-2 49,122,000.00 12.~~98500~~30250% ~~969~~925.~~30834819~~54832051 1.~~76373723~~89428891 0.00000000 0.00000000 M-1 22,947,000.00 2.~~26500~~58250% 1000.00000000 2.~~07625005~~29555541 0.00000000 0.00000000 M-2 17,210,000.00 23.~~91500~~23250% 1000.00000000 2.~~67208309~~87333353 0.00000000 0.00000000 M-3 4,781,000.00 3.~~11500~~43250% 1000.00000000 23.~~85541728~~05111065 0.00000000 0.00000000 B-1 3,825,000.00 3.~~61500~~93250% 1000.00000000 3.~~31374902~~49555556 0.00000000 0.00000000 B-2 3,824,000.00 34.~~81500~~13250% 1000.00000000 3.~~49708421~~67333421 0.00000000 0.00000000 B-3 3,825,000.00 5.~~36500~~68250% 1000.00000000 45.~~91791634~~05111111 0.00000000 0.00000000 X 6,119,693.41 0.00000% 999.~~92617441~~92617277 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 1.~~70483543~~87092142 0.00000000 ~~968~~928.~~61353783~~84788230 A-2 0.00000000 0.00000000 1.~~76373723~~89428891 0.00000000 ~~936~~899.~~60084382~~26865335 M-1 0.00000000 0.00000000 2.~~07625005~~29555541 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~67208309~~87333353 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~85541728~~05111065 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~31374902~~49555556 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~49708421~~67333421 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 45.~~91791634~~05111111 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~215~~195.~~32598477~~82707167 0.00000000 999.92617277 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 79,~~229~~484,~~948~~444.7233 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3563,~~520~~262.7805 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~108~~168,~~426~~440.0988 Total Deposits 79,~~373~~716,~~895~~147.5926 Withdrawals Reimbursement for Servicer Advances 956,~~918~~747.8225 Payment of Service Fee ~~158~~154,~~511~~166.8316 Payment of Interest and Principal 79,~~205~~505,~~464~~233.9485 Total Withdrawals (Pool Distribution Amount) 79,~~373~~716,~~895~~147.5926 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~156~~152,~~632~~338.2410 Wells Fargo Bank, NA 1,~~879~~828.5906 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~158~~154,~~511~~166.8316

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3225 0 0 0 3225 43,~~167~~332,~~832~~238.9796 0.00 0.00 0.00 43,~~167~~332,~~832~~238.9796 60 Days 418 0 0 0 418 ~~665~~2,~~027~~470,019.4508 0.00 0.00 0.00 ~~665~~2,~~027~~470,019.4508 90 Days 321 0 0 0 321 ~~453~~2,~~858~~981,118.2715 0.00 0.00 0.00 ~~453~~2,~~858~~981,118.2715 120 Days 03 0 0 0 03 0705,572.0064 0.00 0.00 0.00 0705,572.0064 150 Days 02 0 0 0 02 0175,427.0032 0.00 0.00 0.00 0175,427.0032 180+ Days 10 0 0 0 10 ~~150,322~~0.2500 0.00 0.00 0.00 ~~150,322~~0.2500 Totals 4069 0 0 0 4069 59,~~437~~664,~~040~~376.9415 0.00 0.00 0.00 59,~~437~~664,~~040~~376.9415 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~290843~~034768% 0.000000% 0.000000% 0.000000% 1.~~290843~~034768% 10.~~123894~~930179% 0.000000% 0.000000% 0.000000% 10.~~123894~~930179% 60 Days 0.~~161355~~745033% 0.000000% 0.000000% 0.000000% 0.~~161355~~745033% 0.~~179331~~689495% 0.000000% 0.000000% 0.000000% 0.~~179331~~689495% 90 Days 0.~~121017~~869205% 0.000000% 0.000000% 0.000000% 0.~~121017~~869205% 0.~~122387~~832166% 0.000000% 0.000000% 0.000000% 0.~~122387~~832166% 120 Days 0.~~000000~~124172% 0.000000% 0.000000% 0.000000% 0.~~000000~~124172% 0.~~000000~~196957% 0.000000% 0.000000% 0.000000% 0.~~000000~~196957% 150 Days 0.~~000000~~082781% 0.000000% 0.000000% 0.000000% 0.~~000000~~082781% 0.~~000000~~048970% 0.000000% 0.000000% 0.000000% 0.~~000000~~048970% 180+ Days 0.~~040339~~000000% 0.000000% 0.000000% 0.000000% 0.~~040339~~000000% 0.~~040536~~000000% 0.000000% 0.000000% 0.000000% 0.~~040536~~000000% Totals 12.~~613554~~855960% 0.000000% 0.000000% 0.000000% 12.~~613554~~855960% 12.~~466148~~697767% 0.000000% 0.000000% 0.000000% 12.~~466148~~697767%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3563,~~520~~262.7805

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~948402~~944140% Weighted Average Net Coupon 6.~~448403~~444140% Weighted Average Pass-Through Rate 6.~~442402~~438140% Weighted Average Maturity(Stepdown Calculation ) ~~352~~350 Beginning Scheduled Collateral Loan Count 2,~~505~~452 Number Of Loans Paid In Full 2636 Ending Scheduled Collateral Loan Count 2,~~479~~416 Beginning Scheduled Collateral Balance ~~375~~365,~~917~~611,~~388~~439.5314 Ending Scheduled Collateral Balance ~~370~~358,~~838~~236,~~525~~194.7009 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~370~~358,~~838~~236,~~525~~194.7009 Monthly P &I Constant 2,~~512~~389,~~197~~216.0667 Special Servicing Fee 0.00 Prepayment Penalties ~~108~~168,~~426~~440.0988 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~335~~273,~~509~~502.2953 Unscheduled Principal 47,~~743~~101,~~353~~742.5452 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 6,119,241.62 Overcollateralized Amount 6,119,241.62 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 1,912,263.01 Extra principal distribution Amount 0.00 Excess Cash Amount 1,~~317~~198,~~729~~401.0164

Miscellaneous Reporting Cumulative Loss Percentage 0.000000% 60-Day Delinquency Percentage 01.~~232368~~109775% TRIGGER Event NO CAP Payment A-2 0.00 CAP Payment B 0.00 Cap Payment M 0.00

Filing Compare · Securitized Asset Backed Receivables LLC Trust 2004-DO1