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) ~~October~~December 2527, 2005

Bear Stearns Asset Backed Securities I LLC
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-125422
(Commission
File Number)

20-0842986
(IRS Employer
Identification No.)

383 Madison Avenue, New York, New York
(Address of principal executive offices)

10179
(Zip Code)

Registrant's telephone number, including area code 212-272-2000

(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))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of SACO I Trust 2005-7 Mortgage-Backed Certificates, Series 2005-7, which was made on ~~October~~December 2527, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(Exhibit No. Description) 99.1 Monthly distribution report pursuant to section 6.06 of the Pooling and Servicing Agreement for the distribution on ~~October~~December 2527, 2005.

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.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS SECURITIES ADMINISTRATOR UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF BEAR STEARNS ASSET BACKED SECURITIES I LLC, REGISTRANT

By: /s/ Russell Goldenberg Russell Goldenberg Group Senior Vice President Date: ~~October~~January 283, ~~2005~~2006

SACO I TRUST Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Reporting Package Table of Contents Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Administrator: Peter Sablich 312.904.8162peter.sablich@abnamro.com Analyst: Karen Wu 714.259.6248 karen.wu@abnamro.com Statement Date: 135 S. LaSalle Street, Suite 1625Chicago, IL 60603USA Statements to CertificateholdersCash Reconciliation SummaryBond Interest ReconciliationBond Principal Reconciliation Other Related Information Shortfall Summary ReportAsset-Backed Facts ~ 15 Month Loan Status Summary Part I Asset-Backed Facts ~ 15 Month Loan Status Summary Part IIAsset-Backed Facts ~ 15 Month Loan Payoff/Loss SummaryRealized Loss Detail Page 2Page 3-5Page 6Page 7 Page 8 Page 9Page 10 Page 11Page 12 Page 13 Historical REO Report Page 14 Page(s) Information is available for this issue from the following sources Issue Id: Monthly Data File Name: SACO0507 ~~SACO0507_200510_3~~SACO0507_200512_3.ZIP Closing Date: First Payment Date: Rated Final Payment: Date: 30-Sep-0525-Oct-05 25-Sep-35 Parties to The Transaction Depositor: Bear Stearns Asset Backed Securities I LLC Underwriter: Bear Stearns & Co. Inc./Bear Stearns & Co. Inc. Master Servicer: ABN AMRO LaSalle Bank N.A. Rating Agency: Moody's Investors Service, Inc./Fitch Ratings 800.246.5761 LaSalle Factor Line LaSalle Web Site Servicer Web Site www.etrustee.net www.etrustee.net Page 1 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC:WAMM:Current Index:Next Index: Payment Date:Prior Payment:Next Payment:Record Date: 10.~~328315~~305078% 4.~~037500~~193750%4.378750% 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 SACO I TRUST Mortgage Pass-Through Certificates Series 2005-7 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate ~~200~~198 Bond Payments Statement Date: ABN AMRO Acct: 723034.6 ~~1000~~910.~~000000000~~805242598 4745.~~716047120~~608410274 0.000000000 ~~952~~865.~~283952880~~196832323 23.~~861548620~~621968843 4.~~3175000000~~6587500000% 0.00 0.00 0.000000000 4.~~1206300000~~4737500000% 0.000000000 785778KL4 A 283,659,000.00 1312,~~535~~937,~~086~~236.2105 0.00 ~~270~~245,~~123~~420,~~913~~868.7926 ~~811~~1,~~704~~027,404.0206 ~~283~~258,~~659~~358,~~000~~104.0031 1000.000000000 0.000000000 0.000000000 1000.000000000 34.~~014326296~~172222300 4.~~5375000000~~8787500000% 0.00 0.00 0.000000000 4.~~3406300000~~6937500000% 0.000000000 785778KM2 M-1 42,771,000.00 0.00 0.00 42,771,000.00 ~~128~~178,~~925~~450.7512 42,771,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 34.~~049048895~~216667113 4.~~5875000000~~9287500000% 0.00 0.00 0.000000000 4.~~3906300000~~7437500000% 0.000000000 785778KN0 M-2 7,465,000.00 0.00 0.00 7,465,000.00 2231,~~761~~477.1542 7,465,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 34.~~118493185~~305555556 45.~~6875000000~~0287500000% 0.00 0.00 0.000000000 4.~~4906300000~~8437500000% 0.000000000 785778KP5 M-3 12,105,000.00 0.00 0.00 12,105,000.00 3752,~~749~~118.3675 12,105,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 34.~~139325917~~332222712 45.~~7175000000~~0587500000% 0.00 0.00 0.000000000 4.~~5206300000~~8737500000% 0.000000000 785778KQ3 M-4 9,079,000.00 0.00 0.00 9,079,000.00 2839,~~501~~332.9425 9,079,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 34.~~167103470~~367777261 45.~~7575000000~~0987500000% 0.00 0.00 0.000000000 4.~~5606300000~~9137500000% 0.000000000 785778KR1 M-5 6,456,000.00 0.00 0.00 6,456,000.00 2028,~~446~~198.8237 6,456,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 34.~~500437085~~794444069 5.~~2375000000~~5787500000% 0.00 0.00 0.000000000 5.~~0406300000~~3937500000% 0.000000000 785778KS9 B-1 8,877,000.00 0.00 0.00 8,877,000.00 3142,~~073~~560.3828 8,877,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 34.~~569882683~~883332783 5.~~3375000000~~6787500000% 0.00 0.00 0.000000000 5.~~1406300000~~4937500000% 0.000000000 785778KT7 B-2 6,052,000.00 0.00 0.00 6,052,000.00 2129,~~604~~553.93 6,052,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 35.~~917104236~~327777110 56.~~8375000000~~1787500000% 0.00 0.00 0.000000000 5.~~6406300000~~9937500000% 0.000000000 785778KU4 B-3 6,658,000.00 0.00 0.00 6,658,000.00 2635,~~080~~472.0834 6,658,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 57.~~444882091~~283333500 8.~~0375000000~~3787500000% 0.00 0.00 0.000000000 78.~~8406300000~~1937500000% 0.000000000 785778KV2 B-4 19,973,000.00 0.00 0.00 19,973,000.00 ~~108~~145,~~750~~470.6302 19,973,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 785778KZ3 C 404,400.88 0.00 0.00 404,400.88 0.00 404,400.88 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 785778KW0 R-1 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 785778KX8 R-2 0.00 0.00 0.00 0.00 0.00 0.00 Total P&I Payment 0.00 0.00 403,499,400.88 ~~403~~378,~~499~~198,~~400~~505.8819 14,~~772~~547,~~684~~273.2759 Total ~~389~~365,~~964~~261,~~314~~269.6714 1312,~~535~~937,~~086~~236.2105 0.00 1,~~237~~610,~~598~~037.0654 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. Page 2 of 14 Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Statement Date: Cash Reconciliation Summary Interest Summary Available Interest 3,~~312~~129,~~687~~309.6244 Fee Summary Total Servicing Fees Principal Summary Scheduled Principal Distribution Unscheduled: Curtailments Prepayments in Full Liquidation Proceeds Repurchase Proceeds Other Principal Proceeds Unscheduled Principal Distribution Remittance Principal Servicer Wire Amount ~~183~~178,~~948~~637.1673 ~~140~~87,~~931~~244.0476 11,~~135~~152,~~117~~081.4666 0.000.000.00 14,~~772~~547,~~684~~273.2859 Pool Balance Summary Beginning PoolScheduled Principal DistributionUnscheduled Principal DistributionDeferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count ~~403~~381,~~499~~936,~~400~~721.8816 ~~183~~178,~~948~~637.1673 11,~~276~~239,~~048~~326.5042 0.000.000.00 ~~392~~370,~~039~~518,~~404~~757.2201 7,~~686~~354 ~~170~~175 00 7,~~515~~179 ~~142~~144,~~355~~172.1732 Overcollateralization Increase Amt Trigger Event No 21,~~075~~519,~~089~~271.5590 1312,~~535~~937,~~086~~236.2105 Overcollateralization Amt ~~404~~4,~~400~~142,616.8885 Less OC Increase Amount Remittance Interest ) (21,~~075~~519,~~089~~271.5590 1,~~237~~610,~~598~~037.0754 1312,~~351~~758,~~138~~598.0532 Interest Due Trust 3,~~312~~129,~~687~~309.6244 Total Fees ~~150~~151,~~054~~458.2006 Reimbursement Amt Class II-A Policy - ~~InterestClass~~Interest Class II-A Policy - ~~PrincipalOther~~Principal ~~Total~~Other ~~Reimbursement Amt~~ Rolling 3-Month Delinquency % 0.0072 0 Total LPMI Fees 0.~~000~~00 0.~~000~~00 0.00 0.00 Less Extraordinary Trust Expense 0.00 Master Servicing Fees 7,~~699~~285.0375 0.00 Trustee Fees 0.00 Total Reimbursement Amt Page 3 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Statement Date: Cash Reconciliation Summary Trust Mortgage Loans Interest Summary Available Interest 3,~~297~~114,~~821~~474.3643 Fee Summary Total Servicing Fees Principal Summary Scheduled Principal Distribution Unscheduled: Curtailments Prepayments in Full Liquidation Proceeds Repurchase Proceeds Other Principal Proceeds Unscheduled Principal Distribution Remittance Principal Servicer Wire Amount ~~183~~178,~~948~~637.1673 ~~140~~87,~~931~~244.0476 1110,~~135~~408,~~117~~035.4649 0.000.000.00 1413,~~757~~788,~~818~~392.0241 Pool Balance Summary Beginning PoolScheduled Principal DistributionUnscheduled Principal DistributionDeferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count ~~401~~380,~~688~~125,~~627~~948.6916 ~~183~~178,~~948~~637.1673 1110,~~276~~495,~~048~~280.5025 0.000.000.00 ~~390~~369,~~228~~452,~~631~~030.0318 7,~~685~~353 ~~170~~175 00 7,~~514~~178 ~~142~~144,~~355~~172.1732 Trigger Event No 1110,~~459~~673,~~996~~917.6698 Overcollateralization Amt ~~404~~4,~~400~~142,616.8885 Remittance Interest 3,~~297~~114,~~821~~474.3643 1110,~~276~~495,~~048~~280.5025 Interest Due Trust 3,~~297~~114,~~821~~474.3643 Total Fees ~~150~~151,~~054~~458.2006 Reimbursement Amt Class II-A Policy - ~~InterestClass~~Interest Class II-A Policy - ~~PrincipalOther~~Principal ~~Total~~Other ~~Reimbursement Amt~~ Rolling 3-Month Delinquency % 0.0072 0 Total LPMI Fees 0.~~000~~00 0.~~000~~00 0.00 0.00 Less Extraordinary Trust Expense 0.00 Master Servicing Fees 7,~~699~~285.0375 0.00 Trustee Fees 0.00 Total Reimbursement Amt Page 4 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Statement Date: Cash Reconciliation Summary Subsequent Mortgage Loans Interest Summary Available Interest 14,~~866~~835.2601 Fee Summary Total Servicing Fees Principal Summary Scheduled Principal Distribution Unscheduled: Curtailments Prepayments in Full Liquidation Proceeds Repurchase Proceeds Other Principal Proceeds Unscheduled Principal Distribution Remittance Principal Servicer Wire Amount 0.00 0.~~000~~00 744,046.~~000~~17 0.000.000.00 14758,~~866~~881.2618 Pool Balance Summary Beginning PoolScheduled Principal DistributionUnscheduled Principal DistributionDeferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 1,810,773.1900 0.~~000~~00 744,046.~~000~~17 0.000.000.00 1,~~810~~066,~~773~~726.1983 1 0 001 0.00 Trigger Event No 0744,046.0017 Overcollateralization Amt ~~404~~4,~~400~~142,616.8885 Remittance Interest 14,~~866~~835.2601 0744,046.0017 Interest Due Trust 14,~~866~~835.2601 Total Fees 0.00 Reimbursement Amt Class II-A Policy - ~~InterestClass~~Interest Class II-A Policy - ~~PrincipalOther~~Principal ~~Total~~Other ~~Reimbursement Amt~~ Rolling 3-Month Delinquency % 0.0072 0 Total LPMI Fees 0.~~000~~00 0.~~000~~00 0.00 0.00 Less Extraordinary Trust Expense 0.00 Master Servicing Fees 0.000.00 Trustee Fees 0.00 Total Reimbursement Amt Page 5 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. SACO I TRUST Class Payment Date: Prior Payment:Next Payment: Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Bond Interest Reconciliation Additions Accrual Method Days Statement Date: Accrued Certificate Interest Prior Int Carry-Fwd Shortfall Prior Shortfall Reimbursement Other Interest Proceeds Other InterestLosses Current Int Carry-Fwd Shortfall Remaining Int Carry-Fwd Shortfall Net Cap Rate in Effect Y/N Distributable Certificate Interest Interest Payment Amount Deductions Outstanding Deposits from YM Agreement Remaining Basis Risk Carry-Fwd Shortfall Current Basis Risk Carry-Fwd Shortfall 0.00 2532 ~~811~~1,~~704~~027,404.0206 ~~811~~1,~~704~~027,404.0206 Act/360 0.00 ~~811~~1,~~704~~027,404.0206 0.00 0.00 0.00 ~~0.00~~ No A 0.00 0.00 0.00 0.00 250.00 ~~128~~32 178,~~925~~450.7512 ~~128~~178,~~925~~450.7512 Act/360 0.00 ~~128~~178,~~925~~450.7512 0.00 0.00 0.00 ~~0.00~~ No M-1 0.00 0.00 0.00 0.00 250.00 2232 31,~~761~~477.1542 2231,~~761~~477.1542 Act/360 0.00 2231,~~761~~477.1542 0.00 0.00 0.00 ~~0.00~~ No M-2 0.00 0.00 0.00 0.00 250.00 3732 52,~~749~~118.3675 3752,~~749~~118.3675 Act/360 0.00 3752,~~749~~118.3675 0.00 0.00 0.00 ~~0.00~~ No M-3 0.00 0.00 0.00 0.00 250.00 2832 39,~~501~~332.9425 2839,~~501~~332.9425 Act/360 0.00 2839,~~501~~332.9425 0.00 0.00 0.00 ~~0.00~~ No M-4 0.00 0.00 0.00 0.00 250.00 2032 28,~~446~~198.8237 2028,~~446~~198.8237 Act/360 0.00 2028,~~446~~198.8237 0.00 0.00 0.00 ~~0.00~~ No M-5 0.00 0.00 0.00 0.00 250.00 3132 42,~~073~~560.3828 3142,~~073~~560.3828 Act/360 0.00 3142,~~073~~560.3828 0.00 0.00 0.00 ~~0.00~~ No B-1 0.00 0.00 0.00 0.00 250.00 2132 29,~~604~~553.93 2129,~~604~~553.93 Act/360 0.00 2129,~~604~~553.93 0.00 0.00 0.00 ~~0.00~~ No B-2 0.00 0.00 0.00 0.00 250.00 2632 35,~~080~~472.0834 2635,~~080~~472.0834 Act/360 0.00 2635,~~080~~472.0834 0.00 0.00 0.00 ~~0.00~~ No B-3 0.00 0.00 0.00 0.00 250.00 ~~108~~32 145,~~750~~470.6302 ~~108~~145,~~750~~470.6302 Act/360 0.00 ~~108~~145,~~750~~470.6302 0.00 0.00 0.00 ~~0.00~~ No B-4 0.00 0.00 0.00 0.00 0.00 30 0.00 0.00 30/360 0.00 0.00 01,505,433.0050 01,505,433.0050 0.00 ~~0.00~~ No C 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,~~237~~610,~~598~~037.0654 1,~~237~~610,~~598~~037.0654 1,~~237~~610,~~598~~037.0654 01,505,433.0050 01,505,433.0050 0.00 0.00 0.00 0.00 (2) Interest Carry-Forward Shortfall is unpaid interest with interest thereon(3) Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap. 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. Page 6 of 14 (1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest. SACO I TRUST Payment Date: Prior Payment:Next Payment: Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Bond Principal Reconciliation Credit Support Original Current(4) Statement Date: Beginning Class Balance Unscheduled PrincipalPayment Extra Principal Payment Amt Prior Loss Reimburs. Rated Final Maturity Class Current Losses Original Class Balance Scheduled PrincipalPayment Ending Class Balance Cumulative Losses Interest on Losses Additions Losses 3.001.00 A 29.63% 3032.6674% 9/25/2035 ~~270~~245,~~123~~420,~~913~~868.7926 0.00 0.00 ~~283~~258,~~659~~358,~~000~~104.0031 283,659,000.00 ~~183~~178,~~948~~637.1673 0.00 0.00 21,~~075~~519,~~089~~271.5590 11,~~276~~239,~~048~~326.5042 M-1 19.02% 1921.6801% 9/25/2035 42,771,000.00 0.00 0.00 42,771,000.00 42,771,000.00 0.00 0.00 0.00 0.00 0.00 M-2 17.17% 1718.7697% 9/25/2035 7,465,000.00 0.00 0.00 7,465,000.00 7,465,000.00 0.00 0.00 0.00 0.00 0.00 M-3 14.16% 1415.6665% 9/25/2035 12,105,000.00 0.00 0.00 12,105,000.00 12,105,000.00 0.00 0.00 0.00 0.00 0.00 M-4 11.91% 1213.3316% 9/25/2035 9,079,000.00 0.00 0.00 9,079,000.00 9,079,000.00 0.00 0.00 0.00 0.00 0.00 M-5 10.31% 1011.6739% 9/25/2035 6,456,000.00 0.00 0.00 6,456,000.00 6,456,000.00 0.00 0.00 0.00 0.00 0.00 B-1 8.11% 8.3996% 9/25/2035 8,877,000.00 0.00 0.00 8,877,000.00 8,877,000.00 0.00 0.00 0.00 0.00 0.00 B-2 6.61% 67.8430% 9/25/2035 6,052,000.00 0.00 0.00 6,052,000.00 6,052,000.00 0.00 0.00 0.00 0.00 0.00 B-3 4.95% 5.1347% 9/25/2035 6,658,000.00 0.00 0.00 6,658,000.00 6,658,000.00 0.00 0.00 0.00 0.00 0.00 B-4 0.00% 0.00% 9/25/2035 19,973,000.00 0.00 0.00 19,973,000.00 19,973,000.00 0.00 0.00 0.00 0.00 0.00 C NA NA 9/25/2035 404,400.88 0.00 0.00 404,400.88 404,400.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ~~183~~178,~~948~~637.1673 0.00 11,~~276~~239,~~048~~326.5042 21,~~075~~519,~~089~~271.5590 403,499,400.88 ~~389~~365,~~964~~261,~~314~~269.6714 ~~403~~378,~~499~~198,~~400~~505.8819 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. Page 7 of 14 (1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Other Related Information Statement Date: Pre-Funding Account Interest Coverage Account Pre-Funded Balance Amount Withdrawn Remaining Pre-Funded Balance Interest Coverage Balance Amount Withdrawn Remaining Interest Coverage Balance $1,810,773.00 $0744,046.0017 $1,~~810~~066,~~773~~726.0083 $4617,~~931~~211.0067 $14,~~866~~835.2601 $322,~~064~~376.7466 Page 8 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Interest Adjustments Summary Statement Date 0.00 0.00 0.00 0.00 Special Servicing Fees Workout Fees Liquidation Fees Legal Fees 0.00 0.00 Misc. Fees & Expenses Paid by/to Servicer Interest Paid to Servicer on Outstanding Advances 0.00 0.00 ASER Interest Advance Reduction Interest Not Advanced (Current Period) Recoup of Prior Advances by Servicer 0.00 0.00 Servicing Fees Paid Servicer on Loans Not Advanced Misc. Fees & Expenses Paid by Trust 0.00 0.00 0.00 Shortfall Due to Rate Modification Total Shortfall Allocated to the Bonds Total Interest Adjustment to the Bonds 0.00 Shortfall Allocated to the Bonds: Excess Allocated to the Bonds: Other Interest Proceeds Due the Bonds Yield Maintenance Penalties Due the Bonds Prepayment Penalties Due the Bonds Recovered ASER Interest Due the Bonds Recovered Interest Due the Bonds Less Total Shortfall Allocated to the Bonds Total Excess Allocated to the Bonds 0239.0064 0239.0064 Total Excess Allocated to the Bonds 0239.0064 0.00 Aggregate Interest Adjustment Allocated to the Bonds 0.00 0.00 0.00 0.00 Prepayment Interest Excess Due the Bonds 0.00 ARD Excess Interest 0.00 0.00 0239.0064 Net Prepayment Int. Shortfalls Allocated to the Bonds Other Interest Loss Interest Income 0.00 Page 9 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I Distribution Date REO # Balance Statement Date: Foreclosure Delinq 3+ Months Delinq 2 Months Delinq 1 Month Current # Balance # Balance # Balance # Balance # Balance Delinquency Aging Categories 1.87% 1.76% 0.91% 0.89% 27 0.38% 1,478,190 0.40% 0.00% 0.00% 0.00% 0.00% 27-Dec-05 134 6,503,560 65 3,289,573 0 0 0 0 6,953 359,247,434 96.85% 96.96% 1.47% 1.30% 0.67% 0.67% 3 0.04% 138,934 0.04% 0.00% 0.00% 0.00% 0.00% 25-Nov-05 108 4,968,313 49 2,565,472 0 0 0 0 7,194 374,264,001 97.82% 97.99% 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Oct-05 0 0 0 0 0 0 0 0 7,515 392,039,404 100.00% 100.00% Page 10 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Distribution Date Statement Date: Current 31 - 60 Days 61 - 90 Days 90 + Days # Balance # Balance # Balance # Balance Current 31 - 60 Days 61 - 90 Days 90 + Days # Balance # Balance # Balance # Balance In Foreclosure and Delinquent In Bankruptcy and Delinquent In REO and Delinquent Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II Current # # # 31 - 60 Days 61 - 90 Days 90 + Days # Balance Balance Balance Balance 27-Dec-05 0 0 0 0 4 144,274 2 150,252 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.04% 0.03% 0.04% 0.00% 0.00% 0.00% 0.00% 0.20% 0.13% 0 0 14 477,688 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Nov-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Oct-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 11 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary Distribution Date Ending Pool (1) Payoffs(2) Penalties Appraisal Reduct. (2) Liquidations (2) Realized Losses (2) Remaining Term Curr Weighted Avg. # Balance # Balance # Amount # Balance # Balance # Amount Life Coupon Remit Statement Date: Amort ABN AMRO Acct: 723034.6 Series 2005-7 27-Dec-05 7,179 92.68% 370,518,757 91.83% 2.38% 2.92% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 198 334 10.31% 9.78% 0 0 175 11,152,082 25-Nov-05 7,354 94.94% 381,936,721 94.66% 2.14% 2.47% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 199 336 10.32% 9.80% 0 0 161 9,672,040 25-Oct-05 7,515 97.02% 392,039,404 97.16% 2.21% 2.76% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 200 338 10.33% 9.81% 0 0 170 11,135,117 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 12 of 14 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 ABN AMRO Acct: 723034.6 Realized Loss Detail Period Disclosure Control # Appraisal Date Appraisal Value Beginning Scheduled Balance Gross Proceeds Gross Proceeds as a % of Sched. Balance Aggregate LiquidationExpenses * Net Liquidation Proceeds Net Proceeds as a % of Sched. Balance Realized Loss Statement Date: Current Total Cumulative 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. Page 13 of 14 * Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc.. SACO I TRUST Payment Date:Prior Payment:Next Payment:Record Date: 2527-~~Oct~~Dec-~~0525~~0527-~~Oct~~Dec-05 ~~N/A~~ 25-Nov-05 2425-~~Oct~~Jan-06 30-Nov-05 Mortgage Pass-Through Certificates Series 2005-7 Historical Collateral Level REO Report Property Type Statement Date: State Actual Balance Scheduled Balance Recent Appraisal Value Appraisal Reduction Amount Date Liquidated Liquidation Proceeds Liquidation Expenses Realized Loss Disclosure Control # REO Date City Appraisal Date ABN AMRO Acct: 723034.6 2527-~~Oct~~Dec-2005 - 0709:1407 (X893 - X905) (c) 2005 LaSalle Bank N.A. Page 14 of 14

Filing Compare · MORTGAGE-BACKED CERTIFICATES, SERIES 2005-7