Any water in components has dried out already. Depending on the water itself the corrosion can vary greatly. Any water but pure water is conductive to a degree. It's not really a matter of drying it out, the car has already sat for some months before it gets auctioned. The issue now is the corrosion left by the water as it evaporated over a period of time.
Definitely disassemble it until you can determine the water level without question. Every connection in the wiring harness that was submerged must be cleaned thoroughly. Every component that was submerged needs to be inspected carefully if it was outside the passengers compartment. If it was submerged inside the passengers compartment then that is you worst case scenario, depending on how high the water got inside the car.
Hopefully it did not get inside the car. If it did then just a couple of inches in the floors, which might still be wet, but a lot of the salvage companies have them cleaned and dehumidified before they sell the vehicle.
The origin of the loss is also important. The car could have been hauled from New Jersey or it could have been flooded in the Raleigh area, possibly at a dealership. Knowing the situation where the loss occured could help with the repair. Was it sitting or being operated?
regards
Mech
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