Re: Found saturated wet foam inside hull, and ideas if this is ok?
If it's as wet as Starry said it's not drying out. Been there, tried that, not gonna' happen. Even if the surface of soaked foam appears to have dried out it's still waterlogged just a little bit further into it. A lot of us who have been through rebuilds certainly wish we could somehow will wet foam to dry out, but it's not happening.
You need to figure out how to gain access to the affected areas and determine what's going on. If you're lucky it might just be a small area that's soaked (but unfortunately I doubt it). Yes, post photos and there will be plenty of suggestions on how to proceed.
Won't the wet foam loose bouyancy?
Well, yes, of course. However, let's be clear about something. The only reason foam is used is to keep boats afloat if they fill with water. It has nothing to do with buoyancy when the boat is floating normally. What matters then is how much water the hull displaces vs. how much weight is in the boat. ANYTHING inside the hull (even foam) will add weight and make the boat sit lower in the water. Soaked foam happens to weight a LOT more than dry foam (in reality you've got many gallons of water inside your boat), so it's not going to float as well.