Jason.
What has happened is the float valve in the carb has not shut off the fuel properly.
The float bowl has filled up to the top then overflowed out of the air vent, dribbled down into the cylinder
Then past the rings and filled up the crankcase.
So you have to start by fixing the carb which is to pull it apart & clean it and /or install a rebuild kit
You will find the process here
http://outdoorpowerinfo.com/repairs/
I like to fit an inline tap between the tank & the pump so you can turn it off to change the filter, work on the carb, replace the pump ( if it has one ).
Makes things easier & cleaner.
It is not the fix to your problem as the engine will run very rich if the float is not cutting off the fuel.
Once the carb is right you then have to drain the contaminated oil and replace it with the right amount of oil.
Cheap Walmart oil will do because you will try & start the engine and if it runs ok, change the oil again right up then mow and change the oil with good quality mower oil after that.
Cranking the engine with a sump over full can do a lot of damage as can cranking the engine with a lot of liquid gas in the cylinder cause liquids don't compress.
So it is either rebuild , suck it and see time