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, 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 Bear Stearns Asset Backed Securities I Trust 2005-AQ2 Asset-Backed Certificates, Series 2005-AQ2, which was made on December 27, 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 5.06 of the Pooling and Servicing Agreement for the distribution on December 27, 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 TRUSTEE 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: January 3, 2006

Bear Stearns Asset Backed Securities

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Administrator:
Peter Sablich 312.904.8162
peter.sablich@abnamro.com

Analyst:
Chris Suh 714.259.6266
chris.k.suh@abnamro.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Shortfall Summary Report
Swap Summary Report

YM Agreement Summary Report

Bond Interest Reconciliation
Bond Principal Reconciliation

Rating Information
Asset-Backed Facts - End of Month Scheduled Balances
Asset-Backed Facts ~ 15 Month Loan Status Summary Part I

Page 2-3
Page 4-7
Page 8
Page 9

Page 10

Page 11
Page 12

Page 13
Page 14

Page 15-18

Asset-Backed Facts ~ 15 Month Loan Status Summary Part II

Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Realized Loss Detail

Page 19-22

Page 23-26
Page 27

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005AQ2

BS005AQ2_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

30-Nov-05
27-Dec-05

25-Sep-35

Parties to The Transaction

Issuer: Bear Stearns Asset Backed Securities I LLC

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Standard & Poor's/Moody's Investors Service, Inc.

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 27

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

6.689855%

4.378750%

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities

Asset-Backed Certificates

Series 2005-AQ2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

356

Bond Payments

Statement Date:

ABN AMRO Acct: 723161.1

1000.000000000

59.930654165

0.000000000

940.069345835

3.285000000

4.5387500000%

0.00

0.000000000

4.3800000000%

0.000000000

0738792S6

A-1

314,676,000.00

18,858,738.53

0.00

295,817,261.47

1,033,710.66

314,676,000.00

1000.000000000

0.000000000

1000.000000000

3.367499960

4.6487500000%

0.00

0.000000000

4.4900000000%

0.000000000

0738792T4

A-2

123,906,000.00

0.00

123,906,000.00

417,253.45

123,906,000.00

1000.000000000

0.000000000

1000.000000000

3.435000000

4.7387500000%

0.00

0.000000000

4.5800000000%

0.000000000

0738792U1

A-3

76,542,000.00

0.00

76,542,000.00

262,921.77

76,542,000.00

1000.000000000

0.000000000

1000.000000000

3.532500000

4.8687500000%

0.00

0.000000000

4.7100000000%

0.000000000

0738792V9

M-1

29,516,000.00

0.00

29,516,000.00

104,265.27

29,516,000.00

1000.000000000

0.000000000

1000.000000000

3.547500190

4.8887500000%

0.00

0.000000000

4.7300000000%

0.000000000

0738792W7

M-2

26,354,000.00

0.00

26,354,000.00

93,490.82

26,354,000.00

1000.000000000

0.000000000

1000.000000000

3.562500134

4.9087500000%

0.00

0.000000000

4.7500000000%

0.000000000

0738792X5

M-3

18,623,000.00

0.00

18,623,000.00

66,344.44

18,623,000.00

1000.000000000

0.000000000

1000.000000000

3.697499910

5.0887500000%

0.00

0.000000000

4.9300000000%

0.000000000

0738792Y3

M-4

27,759,000.00

0.00

27,759,000.00

102,638.90

27,759,000.00

1000.000000000

0.000000000

1000.000000000

3.735000000

5.1387500000%

0.00

0.000000000

4.9800000000%

0.000000000

0738792Z0

M-5

11,596,000.00

0.00

11,596,000.00

43,311.06

11,596,000.00

1000.000000000

0.000000000

1000.000000000

4.215000419

5.7787500000%

0.00

0.000000000

5.6200000000%

0.000000000

0738793A4

M-6

11,947,000.00

0.00

11,947,000.00

50,356.61

11,947,000.00

1000.000000000

0.000000000

1000.000000000

4.402500254

6.0287500000%

0.00

0.000000000

5.8700000000%

0.000000000

0738793B2

M-7

9,839,000.00

0.00

9,839,000.00

43,316.20

9,839,000.00

1000.000000000

0.000000000

1000.000000000

4.477499644

6.1287500000%

0.00

0.000000000

5.9700000000%

0.000000000

0738793C0

M-8

7,027,000.00

0.00

7,027,000.00

31,463.39

7,027,000.00

1000.000000000

0.000000000

1000.000000000

4.477500647

6.1287500000%

0.00

0.000000000

5.9700000000%

0.000000000

0738792Q0

M-9

7,730,000.00

0.00

7,730,000.00

34,611.08

7,730,000.00

1000.000000000

0.000000000

1000.000000000

4.477499644

6.1287500000%

0.00

0.000000000

5.9700000000%

0.000000000

0738792R8

M-10

7,027,000.00

0.00

7,027,000.00

31,463.39

7,027,000.00

1000.000000000

0.000000000

973.164549192

1.874612075

0.00

10,254.77

0.014592118

N/A

0.000000000

0738793D8

702,760,884.66

0.00

683,901,979.51

1,317,404.04

702,760,884.66

1000.000000000

0.000000000

1000.000000000

1312965.300000000

0.00

131,296.53

1312965.300000000

N/A

0.000000000

0738793E6

100.00

0.00

100.00

131,296.53

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

0738793F3

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

0738793G1

R-2

0.00

Page 2 of 27

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

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

6.689855%

4.378750%

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities

Asset-Backed Certificates

Series 2005-AQ2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

356

Bond Payments

Statement Date:

ABN AMRO Acct: 723161.1

0.000000000

0.00

0.000000000

N/A

0.000000000

0738793H6

R-3

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

0738793J5

R-X

0.00

Total P&I Payment

0.00

141,551.30

672,542,100.00

22,622,586.14

Total

653,683,361.47

18,858,738.53

0.00

3,763,847.61

Page 3 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Statement Date:

Cash Reconciliation Summary

0.00

Interest Summary

Total Trustee Fees

Available Interest

3,753,592.83

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

24,831.15

18,834,074.02

0.00
0.00
0.00

22,615,191.92

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

702,760,884.66

0.00

18,858,905.17

0.00
0.00
0.00

683,901,979.51

2,495

0
0

2,434

271,471.38

Extra Principal

Trigger Event

0.00

18,858,905.17

Overcollateralization Amt

30,218,718.04

Less Extra Principal

Remittance Interest

0.00

3,753,592.83

0.00

18,858,905.17

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,693.92

3,756,286.75

Total Fees

274,165.30

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.15

0.00

2,693.92

LPMI Fees

0.00

Current Prepayment Charges

131,296.53

Cumulative Prepayment Charges

0.00

Page 4 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Statement Date:

Cash Reconciliation Summary Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

110,830.71

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

3,584.36

455,799.63

0.00
0.00
0.00

570,300.87

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

22,480,334.22

0.00

459,383.99

0.00
0.00
0.00

22,020,950.23

0
0

9,366.81

Trigger Event

459,383.99

Overcollateralization Amt

30,218,718.04

Remittance Interest

110,830.71

0.00

459,383.99

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(86.17

110,916.88

Total Fees

9,452.98

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.15

0.00

86.17

LPMI Fees

0.00

Current Prepayment Charges

0.00

Cumulative Prepayment Charges

0.00

Page 5 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Statement Date:

Cash Reconciliation Summary ARM 228

0.00

Interest Summary

Total Trustee Fees

Available Interest

2,838,967.26

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

14,973.42

13,097,738.71

0.00
0.00
0.00

15,953,704.93

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

528,403,003.16

0.00

13,112,712.13

0.00
0.00
0.00

515,290,291.03

1,870

0
0

1,827

203,265.68

Trigger Event

13,112,712.13

Overcollateralization Amt

30,218,718.04

Remittance Interest

2,838,967.26

0.00

13,112,712.13

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,025.54

2,840,992.80

Total Fees

205,291.22

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.15

0.00

2,025.54

LPMI Fees

0.00

Current Prepayment Charges

102,758.06

Cumulative Prepayment Charges

0.00

Page 6 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Statement Date:

Cash Reconciliation Summary ARM 327

0.00

Interest Summary

Total Trustee Fees

Available Interest

803,794.86

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

6,273.37

5,280,535.68

0.00
0.00
0.00

6,091,186.11

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

151,877,547.28

0.00

5,286,809.05

0.00
0.00
0.00

146,590,738.25

552

0
0

536

58,838.90

Trigger Event

5,286,809.05

Overcollateralization Amt

30,218,718.04

Remittance Interest

803,794.86

0.00

5,286,809.05

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(582.20

804,377.06

Total Fees

59,421.09

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.15

0.00

582.20

LPMI Fees

0.00

Current Prepayment Charges

28,538.47

Cumulative Prepayment Charges

0.00

Page 7 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Interest Adjustments Summary

Statement
Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

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

131,296.53

131,296.53

Total Excess Allocated to the Bonds

131,296.53

0.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

131,296.53

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 8 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

SWAP Payments

Statement Date:

Net Swap payment payable to the Swap Provider

Net Swap payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Provider

0.00

Page 9 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Yield Maintenance Agreement

Statement Date:

Amount paid to the Derivative Administrator

10,088.13

Page 10 of 27

Bear Stearns Asset Backed Securities

Class

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Int ere st

Proceeds

Other

Int ere st

Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/ N

Distributable

Certificate

Int ere st

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

A-1

Act/360

1,033,710.66

0.00

1,033,710.66

0.00

A-2

Act/360

417,253.45

0.00

417,253.45

0.00

A-3

Act/360

262,921.77

0.00

262,921.77

0.00

M-1

Act/360

104,265.27

0.00

104,265.27

0.00

M-2

Act/360

93,490.82

0.00

93,490.82

0.00

M-3

Act/360

66,344.44

0.00

66,344.44

0.00

M-4

Act/360

102,638.90

0.00

102,638.90

0.00

M-5

Act/360

43,311.06

0.00

43,311.06

0.00

M-6

Act/360

50,356.61

0.00

50,356.61

0.00

M-7

Act/360

43,316.20

0.00

43,316.20

0.00

M-8

Act/360

31,463.39

0.00

31,463.39

0.00

M-9

Act/360

34,611.08

0.00

34,611.08

0.00

M-10

Act/360

31,463.39

0.00

31,463.39

0.00

166.64

0.00

30/360

1,307,149.27

0.00

1,317,404.04

0.00

10,088.13

0.00

131,296.53

0.00

3,622,296.31

0.00

166.64

0.00

3,763,847.61

0.00

10,088.13

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.

Page 11 of 27

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

Statement Date:

Beginning

Class Balance

Unscheduled

Principal

Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal

Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

7.00
1.00

A-1

9/25/2035

295,817,261.47

0.00

314,676,000.00

0.00

18,858,738.53

A-2

9/25/2035

123,906,000.00

0.00

123,906,000.00

0.00

A-3

9/25/2035

76,542,000.00

0.00

76,542,000.00

0.00

M-1

9/25/2035

29,516,000.00

0.00

29,516,000.00

0.00

M-2

9/25/2035

26,354,000.00

0.00

26,354,000.00

0.00

M-3

9/25/2035

18,623,000.00

0.00

18,623,000.00

0.00

M-4

9/25/2035

27,759,000.00

0.00

27,759,000.00

0.00

M-5

9/25/2035

11,596,000.00

0.00

11,596,000.00

0.00

M-6

9/25/2035

11,947,000.00

0.00

11,947,000.00

0.00

M-7

9/25/2035

9,839,000.00

0.00

9,839,000.00

0.00

M-8

9/25/2035

7,027,000.00

0.00

7,027,000.00

0.00

M-9

9/25/2035

7,730,000.00

0.00

7,730,000.00

0.00

M-10

9/25/2035

7,027,000.00

0.00

7,027,000.00

0.00

9/25/2035

683,901,979.51

0.00

702,760,884.66

0.00

9/25/2035

100.00

0.00

100.00

0.00

18,858,738.53

0.00

672,542,100.00

653,683,361.47

672,542,100.00

Page 12 of 27

(1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount.

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

A-1

0738792S6

Aaa

AAA

A-2

0738792T4

Aaa

AAA

A-3

0738792U1

Aaa

AAA

M-1

0738792V9

Aa1

AA+

M-2

0738792W7

Aa2

M-3

0738792X5

Aa3

AA-

M-4

0738792Y3

M-5

0738792Z0

A-

M-6

0738793A4

Baa1

BBB+

M-7

0738793B2

Baa2

BBB

M-8

0738793C0

Baa3

BBB-

M-9

0738792Q0

Ba1

BB+

M-10

0738792R8

Ba2

0738793D8

0738793E6

Page 13 of 27

NR - Designates that the class was not rated by the rating agency.

(1)

Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to

LaSalle within 30 days of the payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not
being updated on this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Total

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

679,903,801.78

0.00

98.6111

0.0000

2,425

97.1944

8,524,570.16

0.00

1.2364

0.0000

1.0020

424,000.00

0.00

0.0615

0.0000

0.0401

627,603.17

0.00

0.0910

0.0000

BKY0

0.1603

0.00

0.0000

PIF

1.6032

Total:

2,495

689,479,975.11

0.00

100.0000

0.0000

0.00

DLQ Total:

8,948,570.16

0.00

1.0421%

1.2979%

0.0000%

Page 14 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

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

Delinquency Aging Categories

0.94%

1.13%

0.04%

0.06%

0.00%

27-Dec-05

7,704,570

424,000

2,410

675,773,409

99.01%

98.81%

Page 15 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

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

Delinquency Aging Categories

Fixed 1st Lien

0.00%

27-Dec-05

22,020,950

100.00%

Page 16 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

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

Delinquency Aging Categories

ARM 228

1.09%

1.33%

0.05%

0.08%

0.00%

27-Dec-05

6,829,820

424,000

1,806

508,036,471

98.85%

98.59%

Page 17 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

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

Delinquency Aging Categories

ARM 327

0.56%

0.60%

0.00%

27-Dec-05

874,750

533

145,715,988

99.44%

99.40%

Page 18 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

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

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

27-Dec-05

0.00%

0.00% 0.00%

0.00%

0.16%

0.09%

627,603

0.00%

Page 19 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

0.00%

0.00% 0.00%

0.00%

Page 20 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - ARM 228

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

0.00%

0.00% 0.00%

0.00%

0.22%

0.12%

627,603

0.00%

Page 21 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - ARM 327

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

0.00%

0.00% 0.00%

0.00%

Page 22 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

27-Dec-05

2,434

97.56%

683,901,980

97.32%

2.44%

2.68%

0.00%

356

6.69%

6.19%

18,834,074

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 23 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Fixed 1st Lien

27-Dec-05

2.85%

22,020,950

3.13%

2.74%

2.03%

0.00%

356

6.42%

5.92%

455,800

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 24 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

ARM 228

27-Dec-05

1,827

73.23%

515,290,291

73.32%

2.30%

2.48%

0.00%

356

6.72%

6.21%

13,097,739

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 25 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

ARM 327

27-Dec-05

536

21.48%

146,590,738

20.86%

2.90%

3.48%

0.00%

356

6.63%

6.13%

5,280,536

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 26 of 27

Bear Stearns Asset Backed Securities

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-05
27-Dec-05

N/A

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ2

ABN AMRO Acct: 723161.1

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total
Cumulative

Page 27 of 27

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-AQ2 8-K