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 Trust 2005-3 Asset-Backed Certificates, Series 2005-3, 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 5.07 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 Trust

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

Reporting Package Table of Contents

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Administrator:

Stefanie Edwards 312.904.8975
stefanie.edwards@abnamro.com

Analyst:

Thomas Helms 714.259.6238
thomas.helms@abnamro.com

Statement Date:

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

Statements to Certificateholders
Cash Reconciliation Summary
Other Related Information
Substitution Detail History

Bond Principal Reconciliation

Bond Interest Reconciliation
Asset-Backed Facts ~ 15 Month Loan Status Summary Part I

Asset-Backed Facts ~ 15 Month Loan Status Summary Part II
Realized Loss Detail
Historical REO Report

Page 2
Page 3-5
Page 6
Page 7

Page 8

Page 9
Page 10

Page 11
Page 12

Page 13

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BSABS053

BSABS053_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

9-Sep-05
26-Sep-05

25-Sep-35

Parties to The Transaction

Depositor: Bear, Stearns & Co., Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Standard & Poor's/Fitch Ratings

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 13

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

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

7.941422%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2005-3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

331

Certificates

Statement Date:

ABN AMRO Acct: 722979.1

865.533419801

43.477535108

0.000000000

822.055884693

3.572729614

4.8287500000%

0.00

0.000000000

4.6437500000%

0.000000000

073877DK5

A-1

165,419,000.00

7,192,010.38

0.00

135,983,662.39

590,997.36

143,175,672.77

820.711226556

57.970046750

0.000000000

762.741179806

3.256399723

4.6487500000%

0.00

0.000000000

4.4637500000%

0.000000000

073877DL3

A-2

72,300,000.00

4,191,234.38

0.00

55,146,187.30

235,437.70

59,337,421.68

1000.000000000

0.000000000

1000.000000000

4.332222407

5.0587500000%

0.00

0.000000000

4.8737500000%

0.000000000

073877DM1

A-3

24,100,000.00

0.00

24,100,000.00

104,406.56

24,100,000.00

1000.000000000

0.000000000

1000.000000000

4.394444402

5.1287500000%

0.00

0.000000000

4.9437500000%

0.000000000

073877DN9

M-1

26,134,000.00

0.00

26,134,000.00

114,844.41

26,134,000.00

1000.000000000

0.000000000

1000.000000000

5.283333559

6.1287500000%

0.00

0.000000000

5.9437500000%

0.000000000

073877DP4

M-2

14,750,000.00

0.00

14,750,000.00

77,929.17

14,750,000.00

1000.000000000

0.000000000

1000.000000000

5.505556876

6.3787500000%

0.00

0.000000000

6.1937500000%

0.000000000

073877DQ2

M-3

3,367,000.00

0.00

3,367,000.00

18,537.21

3,367,000.00

1000.000000000

0.000000000

1000.000000000

5.950000000

6.8787500000%

0.00

0.000000000

6.6937500000%

0.000000000

073877DR0

M-4

3,046,000.00

0.00

3,046,000.00

18,123.70

3,046,000.00

1000.000000000

0.000000000

1000.000000000

6.616667657

7.1866232978%

0.00

0.000000000

7.4437500000%

0.000000000

073877DS8

M-5

3,367,000.00

0.00

3,367,000.00

22,278.32

3,367,000.00

1000.000000000

0.000000000

1000.000000000

6.616666667

7.1866232978%

0.00

0.000000000

7.4437500000%

0.000000000

073877DT6

M-6

2,886,000.00

0.00

2,886,000.00

19,095.70

2,886,000.00

1000.000000000

0.000000000

1000.000000000

6.616667297

7.1866232978%

0.00

0.000000000

7.4437500000%

0.000000000

073877DU3

M-7

5,290,000.00

0.00

5,290,000.00

35,002.17

5,290,000.00

894.626611243

0.000000000

860.794091335

0.000000000

0.00

0.000000000

N/A

0.000000000

073877DX7

B-IO

320,659,791.80

0.00

276,022,054.11

0.00

286,870,782.90

0.000000000

0.00

0.000000000

N/A

0.000000000

073877DW9

RII

0.00

Total P&I Payment

0.00

320,659,000.00

285,453,094.45

12,619,897.06

Total

274,069,849.69

11,383,244.76

0.00

1,236,652.30

Page 2 of 13

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

Bear Stearns Asset Backed Securities Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

1,590,735.02

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

3,963.68

Total

1,876,911.61

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:

Current
Advanced

Total Scheduled

Unscheduled Principal:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled
Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

)

(1,416.32

0.00

)

(1,416.32

1,773,558.84

)

(2,390.59

0.00
0.00
0.00

)

(2,390.59

187,668.68

34,053.37

221,722.05

136,696.94

10,490,309.80

0.00
0.00
0.00

10,627,006.74
10,848,728.79

12,622,287.63

12,619,897.04

286,870,782.90

2,039

221,722.05

10,627,006.74

0.00
0.00

0.00

276,022,054.11

1,986

79,002.05

615,018.02

34,053.37

290,140.27

89,175.17

748,358.63

101,936.45

0.00
0.00

17,593.05

119,529.49

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(101,936.45

1,771,168.25

Interest Not Advanced (

Current Period

)

0.00

290,140.27

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(156,799.66

)

(23,880.25

0.00

Current

3,963.68

Cumulative

3,963.68

% of Cutoff Balance

0.00

Realized Loss

Distribution

Cumulative

0.00

0.00
0.00
0.00
0.00

0.00

Page 3 of 13

Bear Stearns Asset Backed Securities Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

Statement Date:

Cash Reconciliation Summary Fixed Rate Loans

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

643,029.76

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

743,025.68

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:

Current
Advanced

Total Scheduled

Unscheduled Principal:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled
Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

0.00
0.00

0.00

704,605.74

)

(884.69

0.00
0.00
0.00

)

(884.69

118,528.22

16,488.00

135,016.22

132,903.97

2,822,747.88

0.00
0.00
0.00

2,955,651.85
3,090,668.07

3,795,273.81

3,794,389.11

106,163,379.70

1,081

135,016.22

2,955,651.85

0.00
0.00

0.00

103,072,711.63

1,059

40,597.49

232,431.69

16,488.00

99,995.92

43,471.11

268,201.97

38,419.94

0.00
0.00

5,814.80

44,234.74

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(38,419.94

703,721.04

Interest Not Advanced (

Current Period

)

0.00

99,995.92

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(64,225.65

)

(13,614.38

0.00

Current

0.00

Cumulative

0.00

% of Cutoff Balance

0.00

Realized Loss

Distribution

Cumulative

0.00

0.00
0.00
0.00
0.00

0.00

Page 4 of 13

Bear Stearns Asset Backed Securities Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

Statement Date:

Cash Reconciliation Summary ARM Loans

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

947,705.27

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

3,963.68

Total

1,133,885.93

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:

Current
Advanced

Total Scheduled

Unscheduled Principal:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled
Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

0.00
0.00

0.00

1,070,369.43

)

(1,505.90

0.00
0.00
0.00

)

(1,505.90

69,140.46

17,565.37

86,705.83

3,792.97

7,667,561.92

0.00
0.00
0.00

7,671,354.89
7,758,060.72

8,828,430.15

8,826,924.25

180,707,403.20

958

86,705.83

7,671,354.89

0.00
0.00

0.00

172,949,342.48

927

38,404.56

382,586.33

17,565.37

190,144.34

45,704.06

480,156.66

63,516.50

0.00
0.00

11,778.25

75,294.75

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(63,516.50

1,068,863.53

Interest Not Advanced (

Current Period

)

0.00

190,144.34

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(92,574.01

)

(10,265.87

0.00

Current

3,963.68

Cumulative

3,963.68

% of Cutoff Balance

0.00

Realized Loss

Distribution

Cumulative

0.00

0.00
0.00
0.00
0.00

0.00

Page 5 of 13

Bear Stearns Asset Backed Securities Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

Other Related Information

Statement Date:

Excess Cashflow

Excess Yield Maintenance

0.00

Trigger Event

0.00

3 month Rolling Delinquency Rate

10.40

Overcollateralization Amount

Target Overcollateralization

Overcollateralization Increase Amount

$0.00

1,952,204.42

5,290,886.56

Page 6 of 13

Bear Stearns Asset Backed Securities Trust

Substitution Detail History

ABN AMRO Acct: 722979.1

Series 2005-3

Asset-Backed Certificates

23-Dec-05

25-Jan-06

25-Nov-05

27-Dec-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Property ID

Deleted Loan

Qualified Substitute

Scheduled Prin Bal

Page 7 of 13

Original Property

Bear Stearns Asset Backed Securities Trust

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

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

4.00
1.00

A-1

18.35%

21.47%

9/25/2035

135,983,662.39

0.00

143,175,672.77

165,419,000.00

7,192,010.38

0.00

A-2

18.35%

21.47%

9/25/2035

55,146,187.30

0.00

59,337,421.68

72,300,000.00

4,191,234.38

0.00

A-3

18.35%

21.47%

9/25/2035

24,100,000.00

0.00

24,100,000.00

0.00

M-1

10.20%

11.93%

9/25/2035

26,134,000.00

0.00

26,134,000.00

0.00

M-2

5.60%

6.55%

9/25/2035

14,750,000.00

0.00

14,750,000.00

0.00

M-3

4.55%

5.32%

9/25/2035

3,367,000.00

0.00

3,367,000.00

0.00

M-4

3.60%

4.21%

9/25/2035

3,046,000.00

0.00

3,046,000.00

0.00

M-5

2.55%

2.98%

9/25/2035

3,367,000.00

0.00

3,367,000.00

0.00

M-6

1.65%

1.93%

9/25/2035

2,886,000.00

0.00

2,886,000.00

0.00

M-7

0.00%

9/25/2035

5,290,000.00

0.00

5,290,000.00

0.00

B-IO

9/25/2035

276,022,054.11

0.00

286,870,782.90

320,659,791.80

0.00

11,383,244.76

0.00

320,659,000.00

274,069,849.69

285,453,094.45

Page 8 of 13

(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 Trust

Class

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest
Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

590,997.36

Act/360

0.00

590,997.36

0.00

A-1

0.00

235,437.70

Act/360

0.00

235,437.70

0.00

A-2

0.00

104,406.56

Act/360

0.00

104,406.56

0.00

A-3

0.00

114,844.41

Act/360

0.00

114,844.41

0.00

M-1

0.00

77,929.17

Act/360

0.00

77,929.17

0.00

M-2

0.00

18,537.21

Act/360

0.00

18,537.21

0.00

M-3

0.00

18,123.70

Act/360

0.00

18,123.70

0.00

M-4

0.00

22,278.32

Act/360

0.00

22,278.32

0.00

M-5

0.00

19,095.70

Act/360

0.00

19,095.70

0.00

M-6

0.00

35,002.17

Act/360

0.00

35,002.17

0.00

M-7

0.00

B-IO

0.00

1,236,652.30

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 9 of 13

(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 Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

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

7.35%

6.19%

3.98%

3.35%

4.13%

10,700,272

3.88%

1.91%

1.87%

0.00%

27-Dec-05

146

17,078,187

9,239,126

5,172,556

1,641

233,831,913

82.63%

84.71%

8.44%

7.24%

4.17%

4.11%

3.29%

7,155,218

2.49%

1.23%

1.25%

0.00%

25-Nov-05

172

20,769,909

11,781,237

3,571,892

1,690

243,592,527

82.88%

84.91%

8.24%

7.70%

4.10%

3.76%

2.00%

4,409,788

1.48%

0.76%

0.51%

0.00%

25-Oct-05

173

22,932,696

11,202,025

1,530,786

1,783

257,682,357

84.90%

86.54%

8.50%

7.25%

4.13%

3.26%

0.19%

715,731

0.23%

0.09%

0.07%

0.00%

26-Sep-05

183

22,269,163

10,007,862

215,259

1,876

274,084,313

87.09%

89.19%

Page 10 of 13

Bear Stearns Asset Backed Securities Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

Distribution

Date

Statement Date:

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

27-Dec-05

1,872,273

935,581

5,172,556

1,336,839

0.00%

1.91%

1.87%

0.86%

0.68% 0.45%

0.34% 0.60%

0.48%

0.00%

3.78%

2.29%

6,333,915

0.00%

25-Nov-05

221,731

1,758,244

720,438

3,318,527

1,077,901

0.00%

0.05%

0.08%

1.13%

1.16%

0.93%

0.61% 0.34%

0.25% 0.54%

0.38%

0.05%

0.01%

3.73%

2.42%

31,634

6,936,590

0.00%

25-Oct-05

1,186,494

507,026

1,530,786

871,254

0.00%

0.76%

0.51%

0.90%

0.40% 0.33%

0.17% 0.33%

0.29%

0.00%

3.10%

2.09%

6,236,650

0.00%

26-Sep-05

215,259

1,614,209

383,358

0.00%

0.09%

0.07%

0.00%

0.79%

0.53% 0.32%

0.12% 0.00%

0.00%

1.95%

1.04%

3,189,628

0.00%

Page 11 of 13

Bear Stearns Asset Backed Securities Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

ABN AMRO Acct: 722979.1

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:

200512

9958422

601.33

0.00

3,963.68

0.00%

Not Avail.

601.33

0.00

3,963.68

601.33

3,963.68

0.00

Current Total
Cumulative

Page 12 of 13

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

Bear Stearns Asset Backed Securities Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-3

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: 722979.1

Page 13 of 13

Bear Stearns Asset Backed Securities Trust 2005-3 8-K