Spray clorox around the wall plates before you button it back up.

Call me, this is what I do, I can help so you dont have any mold.

Randy Wild
Paragon Certified Restoration
314-420-2619

TURN YOUR HEAT OFF!!!!!!!!!!!!!!!!!!!!!!!!!

Bad news.

I built homes for 15 yrs and any time we had a water problem we had to discard the carpet & pad. You can't get the water out of the pad (mold). Hardwood flooring may settle back down when the moisture content drops. You will only have to refinish it and not replace it . Vinyl flooring we always pulled up & replaced. Marble, slate tile etc. should be OK if it hasn't warped the subfloor. You need to move as quickly as possible so you don't start having drywall problems.
Just about any community has a emergency response contractor for floods, wind damage, fire, etc. who may be able to help. Insurance usually picks this up.

Good luck!

I used to do home restoration for a co in Florida, everything thatMcollinst has said is the way we would go in, but act fast, the longer the carpet sits on the pad the more likely it will start to get briddle on the back side, the pad is junk yank it. around the bottom plates, if you trim work is high enough just spray the clorox, if the trim is not high enough yank the baseboard off. If the water was above the baseboard, cut out the drywall abouve the wet line straight across. The best way to dry the carpet is from the backside with the blowers forcing air under it. If it didn't get high enough to hit the walls and just flooring, skip the tear out part.

Dry it as best you can.
Sell the house.
Take all the home equity and buy a new boat! I think that's the best solution.

Yup.

Call your insurance Co. Your best bet is to replace the padding and carpet. You should be covered.

It happened to me about 6 yrs ago. The house was brand new. The plumber overtightened the plastic line that goes into the bathroom sink and it broke about 3 months after I had the house. I had to replace all my carpets. The ins co paid for the floor boards, dry wall repair, carpets, pads, a % of the cost of the furniture that got wet, bathroom cabinet ect... You should be covered under a regular homeowners policy.

Pull the carpet up and drape it over chairs or whatever you can, then put the box fans to it. I've seen it done this way. Next time put down TILE!