OK - I'm back on track. I had the water problem in the laundry area taken care of. They dug a trench on 2 sides of the basement (inside) and filled with a pipe, gravel and a water barrier and run everything through a second sump pump. It came out great even though they had to rip out 2 of my walls.
Over the last 2 weeks I managed to finish the framing, reroute the HVAC duct in the wall and complete all of the insulation. So I am almost ready to drywall the laundry room - this is a big step for me!
Anyway, I have a question on the HVAC duct. Can I just have a 4" elbow open up into the room? The plan is to screw the duct to a cross stud so it won't move, insulate around the duct and then cut a round hole in the drywall covering it with a square grate or something for finishing. Will that work?