OK so talked to the mechanic today here is where I stand with my car:
He said that water got into my engine he "thinks" that I should be ok becasue it was never started but he needs to rip it apart in order to make sure. He said that water entered through my cold air intake. I will keep you posted on the progress.
Things that were lost:
Security System
Viper 791XV
Audio Sensor
Trunk Release Solenoid
Window Automation System
Invisibeam® Field Disturbance Sensor
Vocalarm® Universal Voice Module
Viper GPS Tracking System
Total $749.96
Stereo
Head Unit AVX P7000CD
D.S.P AWM P7000R
DVD Player PDV-10
Front Speakers XTR 5.2
Rear Speakers XTR 6
Subs XTD 10D
Amp CS500.5
Stinger Cables
EFX Capacitor
Sony Playstation 1
Fiberglass Tub / Box
Total $14,170.98
Cobra Seats
Dual Dash Pod
Dual Instrument Cluster Bezels
Full A-pillar Gauge Pod
Autometer Fuel Pressure
Autometer Transmission Temp
Autometer Oil Pressure
Autometer Water Temperature
Autometer Exhaust Pyrometer
Autometer Nitrous Pressure
Ford Racing FR500 Steering Wheel
MASS BACK CP/CV Carpet
Total $4,450.76
Diablo Revolution Chip
Optima Yellow Top Race Battery
Underdrive Pulley Kit
MSD Ignition Wires
Fluidyne Radiator
MM Coilover
Suspension Package
4.10 Ring And Pinion Set 8.8 FRPP
NOS Kit
5.0 302 Engine / T-5 Transmission
Total $19,203.08
Things I still got
Body of 1994 Mustang