Posted by Scott on July 09, 2007 at 08:16:41:
In Reply to: No Forward Gear posted by Andres on July 09, 2007 at 00:04:57:
We do not handle the Merc trans....but the water more than likely came from the transmission oil cooler.
You need to have it rebuilt, you can try flushing, but to get all the water out it should be disassembled & rebuilt.
Scott