Brenner
What version of Premiere Elements are you using and on what computer operating system is it running?
I see this as the freeze frame with a video fade out applied to the still, followed by the video with a video fade in applied to it.
A title is created in the Titler and positioned is above the video track and its duration extends from the start of the still fade out to the end of the video fade in. Fade in and out are applied to the Title after its creation.
The fades can be from the shortcuts or from Opacity keyframes created at the Timeline clip's rubberband level.
It is not clear why this principle should not be the same in Premiere Elements as it is in Premiere Pro.
Have you tried the above and has it not worked for you? If it has not, what are the problems that you are encountering?
If it is a matter of feature locations in Premiere Elements, I can supply very customized details.
Please review and consider.
Thank you.
ATR