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The leak and mold are time sensitive. Mold can be hazardous to your health. Dealing with mold properly means removing the sheetock and insulation once the leak is fixed. Don't let anyone tell you they can seal it in place and paint ove it. It must be removed. The foundation work can get vey expensive if you wait too long so don't put that off too long.
Hope this helps.
I agree with what Yuri said and would like to add that it is imporatant to have it removed properly so as not to cross contaminate. Mold spores are microscopic in size and easily dispersed if not handled correctly.
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