8-K 1 sab04do2_dec.txt DECEMBER 8-K 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 SECURITIZED ASSET BACKED RECEVABLES TRUST Mortgage Pass-Through Certificates, Series 2004-DO2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-108395-08 54-2161245 Pooling and Servicing Agreement) (Commission 54-2161246 (State or other File Number) 54-6643060 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 December 27, 2004 a distribution was made to holders of SECURITIZED ASSET BACKED RECEVABLES TRUST, Mortgage Pass-Through Certificates, Series 2004-DO2 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-DO2 Trust, relating to the December 27, 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-DO2 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: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-DO2 Trust, relating to the December 27, 2004 distribution. EX-99.1

Securitized Asset Backed Receivables Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~SABR~~Securitized Asset Backed Receivables Mortgage Pass-Through Certificates Series: 2004-DO2 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 A-1 81375WCB0 SEN 2.~~27750~~52563% ~~165~~163,~~295~~494,~~901~~344.3019 ~~334~~355,~~632~~575.3736 13,~~801~~816,~~557~~616.1128 A-2 81375WBU9 SEN 2.~~31250~~56063% 1918,~~448~~840,~~299~~105.2416 3941,~~977~~542.0619 ~~608~~722,~~194~~715.0847 M-1 81375WBV7 MEZ 2.~~59250~~84063% 12,355,000.00 2830,~~471~~221.4154 0.00 M-2 81375WBW5 MEZ 3.~~13250~~38063% 10,108,000.00 2829,~~145~~425.1638 0.00 M-3 81375WBX3 MEZ 3.~~28250~~53063% 3,145,000.00 9,~~176~~561.4163 0.00 B-1 81375WBY1 SUB 3.~~73250~~98063% 2,471,000.00 8,~~198~~470.2301 0.00 B-2 81375WBZ8 SUB 34.~~78250~~03063% 2,246,000.00 7,~~551~~795.5546 0.00 B-3 81375WCA2 SUB 5.~~38250~~63063% 2,246,000.00 10,~~745~~889.8695 0.00 X SAB04D02X SEN 0.00000% 5,054,183.82 ~~728~~689,~~476~~190.4971 0.00 P SAB04D02P SEN 0.00000% 0.01 3560,~~576~~859.2275 0.00 R SAB04D02R RES 0.00000% 0.00 0.00 0.00 Totals ~~222~~219,~~369~~959,~~384~~633.3718 1,~~230~~243,~~950~~531.7698 24,~~409~~539,~~751~~331.1975

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~163~~159,~~494~~677,~~344~~727.1991 24,~~136~~172,~~189~~191.4864 0.00 A-2 0.00 18,~~840~~117,~~105~~389.1669 ~~648~~764,~~171~~257.1466 0.00 M-1 0.00 12,355,000.00 2830,~~471~~221.4154 0.00 M-2 0.00 10,108,000.00 2829,~~145~~425.1638 0.00 M-3 0.00 3,145,000.00 9,~~176~~561.4163 0.00 B-1 0.00 2,471,000.00 8,~~198~~470.2301 0.00 B-2 0.00 2,246,000.00 7,~~551~~795.5546 0.00 B-3 0.00 2,246,000.00 10,~~745~~889.8695 0.00 X 0.00 5,054,183.82 ~~728~~689,~~476~~190.4971 0.00 P 0.00 0.01 3560,~~576~~859.2275 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~219~~215,~~959~~420,~~633~~301.1843 35,~~640~~782,~~701~~863.9573 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) A-1 167,530,000.00 ~~165~~163,~~295~~494,~~901~~344.3019 0.00 13,~~801~~816,~~557~~616.1128 0.00 0.00 A-2 19,475,000.00 1918,~~448~~840,~~299~~105.2416 0.00 ~~608~~722,~~194~~715.0847 0.00 0.00 M-1 12,355,000.00 12,355,000.00 0.00 0.00 0.00 0.00 M-2 10,108,000.00 10,108,000.00 0.00 0.00 0.00 0.00 M-3 3,145,000.00 3,145,000.00 0.00 0.00 0.00 0.00 B-1 2,471,000.00 2,471,000.00 0.00 0.00 0.00 0.00 B-2 2,246,000.00 2,246,000.00 0.00 0.00 0.00 0.00 B-3 2,246,000.00 2,246,000.00 0.00 0.00 0.00 0.00 X 5,054,392.28 5,054,183.82 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 224,630,392.29 ~~222~~219,~~369~~959,~~384~~633.3718 0.00 24,~~409~~539,~~751~~331.1975 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 A-1 13,~~801~~816,~~557~~616.1128 ~~163~~159,~~494~~677,~~344~~727.1991 0.~~97591085~~95312916 13,~~801~~816,~~557~~616.1128 A-2 ~~608~~722,~~194~~715.0847 18,~~840~~117,~~105~~389.1669 0.~~96739949~~93028959 ~~608~~722,~~194~~715.0847 M-1 0.00 12,355,000.00 1.00000000 0.00 M-2 0.00 10,108,000.00 1.00000000 0.00 M-3 0.00 3,145,000.00 1.00000000 0.00 B-1 0.00 2,471,000.00 1.00000000 0.00 B-2 0.00 2,246,000.00 1.00000000 0.00 B-3 0.00 2,246,000.00 1.00000000 0.00 X 0.00 5,054,183.82 0.99995876 0.00 P 0.00 0.01 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 24,~~409~~539,~~751~~331.1975 ~~219~~215,~~959~~420,~~633~~301.1843 0.~~97920691~~95899891 24,~~409~~539,~~751~~331.1975

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 167,530,000.00 ~~986~~975.~~66448576~~91084695 0.00000000 1022.~~75363881~~78168853 0.00000000 A-2 19,475,000.00 ~~998~~967.~~62897253~~39949474 0.00000000 3137.~~22947779~~10990860 0.00000000 M-1 12,355,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,108,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 3,145,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 2,471,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 2,246,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,246,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,054,392.28 999.95875666 0.00000000 0.00000000 0.00000000 P 0.01 0.00000000 0.00000000 0.00000000 0.00000000 R 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 A-1 0.00000000 1022.~~75363881~~78168853 ~~975~~953.~~91084695~~12915842 0.~~97591085~~95312916 1022.~~75363881~~78168853 A-2 0.00000000 3137.~~22947779~~10990860 ~~967~~930.~~39949474~~28958614 0.~~96739949~~93028959 3137.~~22947779~~10990860 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 999.95875666 0.99995876 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R 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 A-1 167,530,000.00 2.~~27750~~52563% ~~165~~163,~~295~~494,~~901~~344.3019 ~~334~~355,~~632~~575.3736 0.00 0.00 A-2 19,475,000.00 2.~~31250~~56063% 1918,~~448~~840,~~299~~105.2416 3941,~~977~~542.0619 0.00 0.00 M-1 12,355,000.00 2.~~59250~~84063% 12,355,000.00 2830,~~471~~221.4154 0.00 0.00 M-2 10,108,000.00 3.~~13250~~38063% 10,108,000.00 2829,~~145~~425.1638 0.00 0.00 M-3 3,145,000.00 3.~~28250~~53063% 3,145,000.00 9,~~176~~561.4163 0.00 0.00 B-1 2,471,000.00 3.~~73250~~98063% 2,471,000.00 8,~~198~~470.2301 0.00 0.00 B-2 2,246,000.00 34.~~78250~~03063% 2,246,000.00 7,~~551~~795.5546 0.00 0.00 B-3 2,246,000.00 5.~~38250~~63063% 2,246,000.00 10,~~745~~889.8695 0.00 0.00 X 5,054,392.28 0.00000% 5,054,183.82 0.00 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 224,630,392.29 ~~466~~493,~~898~~481.0552 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 A-1 0.00 0.00 ~~334~~355,~~632~~575.3736 0.00 ~~163~~159,~~494~~677,~~344~~727.1991 A-2 0.00 0.00 3941,~~977~~542.0619 0.00 18,~~840~~117,~~105~~389.1669 M-1 0.00 0.00 2830,~~471~~221.4154 0.00 12,355,000.00 M-2 0.00 0.00 2829,~~145~~425.1638 0.00 10,108,000.00 M-3 0.00 0.00 9,~~176~~561.4163 0.00 3,145,000.00 B-1 0.00 0.00 8,~~198~~470.2301 0.00 2,471,000.00 B-2 0.00 0.00 7,~~551~~795.5546 0.00 2,246,000.00 B-3 0.00 0.00 10,~~745~~889.8695 0.00 2,246,000.00 X 0.00 0.00 ~~728~~689,~~476~~190.4971 0.00 5,054,183.82 P 0.00 0.00 3560,~~576~~859.2275 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~230~~243,~~950~~531.7698 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 A-1 167,530,000.00 2.~~27750~~52563% ~~986~~975.~~66448576~~91084695 12.~~99744744~~12245783 0.00000000 0.00000000 A-2 19,475,000.00 2.~~31250~~56063% ~~998~~967.~~62897253~~39949474 2.~~05273736~~13310347 0.00000000 0.00000000 M-1 12,355,000.00 2.~~59250~~84063% 1000.00000000 2.~~30444435~~44609794 0.00000000 0.00000000 M-2 10,108,000.00 3.~~13250~~38063% 1000.00000000 2.~~78444400~~91109814 0.00000000 0.00000000 M-3 3,145,000.00 3.~~28250~~53063% 1000.00000000 23.~~91777742~~04026391 0.00000000 0.00000000 B-1 2,471,000.00 3.~~73250~~98063% 1000.00000000 3.~~31777823~~42776609 0.00000000 0.00000000 B-2 2,246,000.00 34.~~78250~~03063% 1000.00000000 3.~~36222173~~47081923 0.00000000 0.00000000 B-3 2,246,000.00 5.~~38250~~63063% 1000.00000000 4.~~78444346~~84859751 0.00000000 0.00000000 X 5,054,392.28 0.00000% 999.95875666 0.00000000 0.00000000 0.00000000 P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 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 A-1 0.00000000 0.00000000 12.~~99744744~~12245783 0.00000000 ~~975~~953.~~91084695~~12915842 A-2 0.00000000 0.00000000 2.~~05273736~~13310347 0.00000000 ~~967~~930.~~39949474~~28958614 M-1 0.00000000 0.00000000 2.~~30444435~~44609794 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~78444400~~91109814 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~91777742~~04026391 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~31777823~~42776609 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.~~36222173~~47081923 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~78444346~~84859751 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~144~~136.~~12741427~~35481218 0.00000000 999.95875666 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 35,~~681~~808,~~004~~336.2146 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4248,~~066~~483.3855 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 3560,~~576~~859.2275 Total Deposits 35,~~758~~917,~~646~~679.8176 Withdrawals Reimbursement for Servicer Advances 2442,~~179~~066.0938 Payment of Service Fee 9392,~~765~~749.7765 Payment of Interest and Principal 35,~~640~~782,~~701~~863.9573 Total Withdrawals (Pool Distribution Amount) 35,~~758~~917,~~646~~679.8176 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 9291,~~653~~649.9285 Wells Fargo Bank, NA 1,~~111~~099.8580 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 9392,~~765~~749.7765

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 3331 0 0 0 3331 4,~~875~~254,~~015~~804.1580 0.00 0.00 0.00 4,~~875~~254,~~015~~804.1580 60 Days 914 0 0 0 914 1,~~422~~873,~~008~~200.6489 0.00 0.00 0.00 1,~~422~~873,~~008~~200.6489 90 Days 36 0 0 0 36 ~~369~~1,~~864~~013,682.8945 0.00 0.00 0.00 ~~369~~1,~~864~~013,682.8945 120 Days 03 0 0 0 03 0369,621.0041 0.00 0.00 0.00 0369,621.0041 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4554 0 0 0 4554 67,~~666~~511,~~888~~309.6855 0.00 0.00 0.00 67,~~666~~511,~~888~~309.6855 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 2.~~120823~~022179% 0.000000% 0.000000% 0.000000% 2.~~120823~~022179% 21.~~216323~~975118% 0.000000% 0.000000% 0.000000% 21.~~216323~~975118% 60 Days 0.~~578406~~913242% 0.000000% 0.000000% 0.000000% 0.~~578406~~913242% 0.~~646486~~869556% 0.000000% 0.000000% 0.000000% 0.~~646486~~869556% 90 Days 0.~~192802~~391389% 0.000000% 0.000000% 0.000000% 0.~~192802~~391389% 0.~~168151~~470560% 0.000000% 0.000000% 0.000000% 0.~~168151~~470560% 120 Days 0.~~000000~~195695% 0.000000% 0.000000% 0.000000% 0.~~000000~~195695% 0.~~000000~~171582% 0.000000% 0.000000% 0.000000% 0.~~000000~~171582% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~892031~~522505% 0.000000% 0.000000% 0.000000% 23.~~892031~~522505% 3.~~030960~~486816% 0.000000% 0.000000% 0.000000% 3.~~030960~~486816%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4248,~~066~~483.3855

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~956751~~958124% Weighted Average Net Coupon 6.~~456751~~458124% Weighted Average Pass-Through Rate 6.~~450751~~452124% Weighted Average Maturity(Stepdown Calculation ) ~~354~~353 Beginning Scheduled Collateral Loan Count 1,~~567~~556 Number Of Loans Paid In Full 1123 Ending Scheduled Collateral Loan Count 1,~~556~~533 Beginning Scheduled Collateral Balance ~~222~~219,~~369~~959,~~384~~633.3718 Ending Scheduled Collateral Balance ~~219~~215,~~959~~420,~~633~~301.1843 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~219~~215,~~959~~420,~~633~~301.1843 Monthly P &I Constant 1,~~455~~420,~~690~~384.6449 Special Servicing Fee 0.00 Prepayment Penalties 3560,~~576~~859.2275 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~166~~144,~~550~~962.3254 Unscheduled Principal 24,~~243~~394,~~200~~369.8721 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,054,183.83 Overcollateralized Amount 5,054,183.83 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 1,123,151.96 Extra principal distribution Amount 0.00 Excess Cash Amount ~~728~~689,~~476~~190.4971

Miscellaneous Reporting Cumulative Loss Percentage 0.000000% 60-Day Delinquency Percentage 0.~~6350~~9362% TRIGGER Event NO CAP Payment A-2 0.00 CAP Payment B 0.00 CAP Payment M 0.00

Filing Compare · Securitized Asset Back Receivables LLC Trust 2004-DO2