Here's the thing. If it isn't pure water, it's bad. Moisture isn't what causes damage, it's the minerals and other stuff that conduct electricity. Removing the moisture won't solve anything, if there's crap left behind, just waiting to absorb moisture from the air. And when it absorbs enough, it conducts electricity, and burns stuff out. Get 100% distilled (NOT DRINKING) water and flush it out with that. Use lots and lots of water. It will dissolve the minerals and flush them out. Once that's done, you can remove the water/moisture and leave it clean.
When they take stuff off the bottom of the ocean with value, such as carvings, paperwork, safes, etc. They flush them with PURE DISTILLED water. Several times in separate containers. Once they're sure all the salt and other minerals are removed, they dry it. If it dries in the middle of removing minerals, it causes damage. Same basic principle applies to electronics. I'd flush it with distilled water many, many times, then use clean, dry, compressed air, nitrogen, or argon to dry it out. Co2 would probably work, but you run the risk of carbonating the water and making it slightly acidic, so I'd leave that for the last choice. Even compressed air in a can would work well for this. Then relube it and you should be good to go.
Fixing water damage is something I do fairly often, and if I have access to the boards and such I'll do the above, then disassemble and use a toothbrush and alcohol (100% ethanol) to clean it up, then dry it with compressed air.
If you can't get deoxit, I wouldn't bother with the one from home depot. I'd just use plain dielectric grease, which is pretty much what deoxit is, with the addition of anti-oxidant compounds. I use dielectric grease by the bucket full, every connector or wire I touch gets dielectric grease put on it, always. It keeps water, moisture, and air out of what ever you put it on. On cars, any connector I remove gets brushed, then filled up with dielectric grease, then pushed together a few times. It makes a clean, waterproof connection (especially useful for offroad vehicles, and spark plug wires on both sides).
Goodluck!