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Scanners II: Quality low budget sequel, often overlooked or unfairly compared to the original.
The Video Dead: The fact that this quirky zombie flick is yet to have a DvD release is all the evidence needed to qualify it as underrated, in my book.
The Sentinel: Lost amongst the 70's classics or remembered as the movie that used deformed actors instead of make-up. Extremly well shot, dark, disturbing atmosphere filled with quality horror imagery.
The Exorcist III: Regarded as an underrated horror so maybe it's not all that underrated, but still deserves a mention. Some quality scenes that stack up well against many higher regarded horror films out there.
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