You are correct - one cannot do multiple lines of Text in a Title, and then apply animation Presets.
In PrE, I would create the Title in Photoshop, or PhotoshopElements, where each line is a Layer, and the Background is Transparent. Then, Save each Layer as a separate PSD, to be Imported into PrE. Then, just animate each PSD individually, with Keyframes for the fixed Effects>Motion>Position and possibly Motion>Scale. With the Keyframes, you can pause, speed up, and totally control the animation.
The reason for doing this in PS/PSE, is that it's so very easy to align the Text Layers to each other.
One can do this in Titler, but I would suggest using alignment grids, or similar, to keep things aligned. This ARTICLE will give you some tips, and even some alignment grids.
The Title Animation Presets are very limited, and I seldom even think of using them.
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By the way put the three PSDs on seperate tracks above the main video them you can drag them around easily to ger the timing right
You can do this also creating three seperate title tracks of different lengths and positions in time
@ Bill Hunt
Its very helpful to know I was on the right track, and thanks for the link to the article.
@ Ted Smith