UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2005
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Commission file number 333-126164-01
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Wachovia Mortgage Loan Trust, LLC
(as Depositor) under the Amended and Restated Trust Agreement,
dated as August 30, 2005 providing for the issuance of
Encore Credit Receivables Trust 2005-3
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(Exact name of registrant as specified in its charter)
New York 20-3168291
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State or other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
301 S. College Street, NC5578-Suite G, Charlotte, NC 28288
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (704) 715 - 8239
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Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act. [ ]Yes [x]No
Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act. [ ]Yes [x]No
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. [x]Yes [ ]No
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K. [x]
Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, or a non-accelerated filer. See definition of
"accelerated filer and large accelerated filer" in Rule 12b-2 of the
Exchange Act. (Check one):
Large accelerated filer[ ] Accelerated filer[ ] Non-accelerated filer[x]
Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Act). [ ]Yes [x]No
State the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the common
equity was last sold, or the average bid and asked price of such common
equity, as of the last business day of the registrant's most recently
completed second fiscal quarter.
Not applicable.
DOCUMENTS INCORPORATED BY REFERENCE
None.
PART I
Item 1. Business.
Not applicable.
Item 1A. Risk Factors.
Not applicable.
Item 1B. Unresolved Staff Comments.
Not applicable.
Item 2. Properties.
Not applicable.
Item 3. Legal Proceedings.
The Registrant knows of no material pending legal proceedings
involving the trust created under the Indenture, the indenture
trustee, the servicer, the subservicer or the Registrant with
respect to the trust other than routine litigation incidental
to the duties of the respective parties.
Item 4. Submission of Matters to a Vote of Security Holders.
No matters were submitted during the fiscal year covered by this
report to a vote of noteholders.
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities.
There is currently no established pubic trading market for the Registrant's
notes known to the Registrant.
Item 6. Selected Financial Data.
Not applicable.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operation.
Not applicable.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Not applicable.
Item 8. Financial Statements and Supplementary Data.
Not applicable.
Item 9. Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure.
None.
Item 9A. Controls and Procedures.
Not applicable.
Item 9B. Other Information.
None.
PART III
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11. Executive Compensation.
Not applicable.
Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters.
Not applicable.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15. Exhibits, Financial Statement Schedules.
(a) Exhibits
1 Annual Independent Accountant's Servicing Report ("USAP")
for the year ended December 31, 2005
Option One Mortgage Corporation, as Servicer and
accompanying Report of Management as to compliance
with minimum servicing standards
2 Annual Statement of Compliance
for the year ended December 31, 2005
ECC Capital Corporation, as servicer
3 Annual Statement of Compliance
for the year ended December 31, 2005
CitiMortgage, Inc., as master servicer
4 Aggregate Statement of Principal and Interest Distributions
to Certificate Holders for the year ended December 31, 2005
5 Sarbanes Oxley Certification
(b) The exhibits required to be filed by the Registrant pursuant to Item 601
of Regulation S-K are listed above.
(c) Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this
Report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated
By /s/ Tommy Harris, Senior Vice President, Citimortgage, Inc.
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Date March 29,2006
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By
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Date
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Supplemental Information to be Furnished With Reports Filed Pursuant to
Section 15(d) of the Act by Registrants Which Have Not Registered Securities
Pursuant to Section 12 of the Act
(1) No annual report is provided to security holders; and
(2) No proxy statement, form of proxy or other proxy soliciting
material has been sent to any security holders
with respect to any annual or other meeting of security holders.