What does motion granted, judgement vacated mean?

Apparently, the plaintiff in the lawsuit obtained a judgment against one or more defendants; possibly by default, meaning the defendant did not file a timely answer to the complaint. That defendant then filed a written motion asking the court to set aside or vacate the default judgment. The court granted the motion. So now instead of having a default judgment, the plaintiff must try to get a judgment by winning the case at trial, which the court set for 2/27/14.

In your case, somebody asked the court to cancel and judgment because something was wrong with the way that the judgment was obtained. In all likelihood, the judgment was a default judgment. In other words, the person being sued didn't show up. Courts don't like default judgments because it means that the person being sued didn't get to have their day in court. In your case, the judge voided the judgment, and is giving the defendant an opportunity to defend himself/herself. The judge then set a trial for 2/7/14. I'm not sure about the liens/restraints being lifted, and would need more information.