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Post being replied to

some experience by DavidAddison

I haven't had your exact situation, but...

* padding is always shot after getting meaningfully wet
* much of the carpet could be saved if enough industrial fans were down there. We've had our basement carpet fluttering like a flag in the wind before
* I'm not a drywall expert but they cut it slightly above water line and then redo...actually not a huge deal

You are in reasonably good shape because the water was pumped out so quickly. Mold takes three days of moisture...if you have everything blowing/dehumidifiering etc. then you could have it dry within three days.

Long term issue is making sure it never happens again. We had to spend over $10K once to get ours fixed...literally went from a waterfall coming into basement during meaningful rain to not a drop in over 10 years. Very expensive but money well spent.